India’s forex reserves at record high of $381.955 billion

By: |
June 23, 2017 7:24 PM

The country's forex reserves increased by USD 799 million, mainly on account of rise in foreign currency assets (FCAs), to touch a record high of USD 381.955 billion in the week to June 16, RBI said.

RBI, Reserve Bank of India, Foreign currency, US currenciesThe country’s forex reserves increased by USD 799 million, mainly on account of rise in foreign currency assets (FCAs), to touch a record high of USD 381.955 billion in the week to June 16, RBI said. (Image: Reuters)

The country’s forex reserves increased by USD 799 million, mainly on account of rise in foreign currency assets (FCAs), to touch a record high of USD 381.955 billion in the week to June 16, RBI said.  In the previous week, the reserves had declined marginally by USD 11.5 million to USD 381.156 billion.  FCAs, a major component of overall reserves, rose by USD 802.4 million to USD 358.084 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 USD 20.095 billion.  The special drawing rights with the International Monetary Fund dipped by USD 1.3 million to USD 1.469 billion.  The country’s reserve position with the IMF, too, declined by USD 2.1 million to USD 2.305 billion.

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
1Technology talent to continue to be scarce for banks: Axis Bank’s Rajiv Anand
2Banks should not ‘try to imitate’ fintech in process of re-imagination of biz models: Ex RBI deputy governor Mundra
3Managing account aggregators to be one of the challenges for banks, says SBI MD Setty