1. Forex reserves at fresh life-time high of $382.53 bn

Forex reserves at fresh life-time high of $382.53 bn

The country's forex reserves surged by $576.4 million to touch a new life-time high of $382.53 billion in the week to June 23, helped by a rise in foreign currency assets (FCAs), the RBI said. In the previous week, the reserves had zoomed by $799 million to $381.955 billion.

By: | Mumbai | Published: June 30, 2017 7:19 PM
forex, forex reserves, Foreign currency assets, forex reserves this week, current forex reserve In the previous week, the reserves had zoomed by 9 million to 1.955 billion. (Reuters)

The country’s forex reserves surged by $576.4 million to touch a new life-time high of $382.53 billion in the week to June 23, helped by a rise in foreign currency assets (FCAs), the RBI said. In the previous week, the reserves had zoomed by $799 million to $381.955 billion. FCAs, a major component of overall reserves, rose by $580.2 million to $358.664 billion in the reporting week, the central bank said. Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves. Gold reserves remained unchanged at $20.095 billion.

The special drawing rights with the International Monetary Fund (IMF) dipped by $1.5 million to $1.467 billion. The country’s reserve position with the IMF too declined by $2.3 million to $2.303 billion.

Get latest news and updates on Auto Expo 2018, check breaking news on Budget 2018, like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top