Forex reserves rose to $399.533 billion as on November 17

By: | Published: November 25, 2017 3:16 AM

India's foreign exchange reserves rose by $240.40 million as on November 17 to $399.533 billion, data from the RBI shows. Foreign currency assets, which form a key component of reserves, rose by $220.40 million from the previous week to $375.096 billion.

Forex reserves, RBI, FCAs, International Monetary Fund, Gold reserves, SDR, Reserve Position, US dollar,  euro, pound, sterlingFCAs are maintained in major currencies like US dollar, euro, pound sterling, Japanese yen etc. (Reuters)

India’s foreign exchange reserves rose by $240.40 million as on November 17 to $399.533 billion, data from the RBI shows. Foreign currency assets, which form a key component of reserves, rose by $220.40 million from the previous week to $375.096 billion. FCAs are maintained in major currencies like US dollar, euro, pound sterling, Japanese yen etc. Movement in the FCA occur mainly on account of purchase and sale of foreign exchange by the RBI, income arising out of the deployment of foreign exchange reserves, external aid receipts of the government and revaluation of assets. Gold reserves remained stable at $20.66 billion. Special drawing rights (SDR) from the International Monetary Fund rose by $7.9 million from the previous week to $1.497 billion. SDR is an international reserve asset created by the IMF and allocated to its members in proportion of their quota at the IMF. The Reserve Position in the IMF rose by $12.1 million to $2.273 billion.

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