India’s forex reserves at life-time high of $379.3 bn

By: |
Mumbai | May 26, 2017 8:46 PM

The country's forex reserves rose by a whopping $4.036 billion to lifetime high of $379.310 billion in the week ended May 19

forex, forex reserve in india, India Forex reserve, india's Foreign currency assets, International Monetary Fund, RBIExpressed 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 stable at $20.438 billion. (Reuters)

The country’s forex reserves rose by a whopping $4.036 billion to a life-time high of $379.310 billion in the week ended May 19, helped by a surge in the foreign currency assets, the Reserve Bank said.  Last week, the reserves had declined by  $443.6 million to  $375.27 billion. Foreign currency assets (FCAs), a major component of the overall reserves, increased by  $3.996 billion to $355.097 billion in the reporting week, RBI 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 stable at  $20.438 billion.

You may also like to watch:

The special drawing rights with the International Monetary Fund increased by $15 million to $1.469 billion. The country’s reserve position with the IMF, too, rose by $25.2 million to  $2.305 billion, the RBI said.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1CSB Bank posts 72% rise in Q2 net profit at Rs 118 crore
2Gold loans turn fastest-growing segment as banks lean on safety
3ICICI Bank posts record high quarterly profit of Rs 5,511 crore