by admin | May 25, 2021 | Economy, Finance, Markets, News
Mumbai : India’s foreign exchange (Forex) reserves kitty increased by $1.20 billion as on November 24, 2017, official data showed on Friday.
The Reserve Bank of India’s (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves rose to $400.74 billion from $399.53 billion reported for the week ended November 17.
India’s Forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and the RBI’s position with the International Monetary Fund (IMF).
—IANS
by admin | May 25, 2021 | Banking, Economy, Markets, News
Mumbai : India’s foreign exchange (Forex) reserves kitty depleted by $211 million as on August 18, 2017, official data showed on Friday.
The Reserve Bank of India’s (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves declined to $393.40 billion from $393.61 billion reported for the week ended August 11.
India’s Forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and the RBI’s position with the International Monetary Fund (IMF).
Segment-wise, FCAs — the largest component of the Forex reserves — declined by $208.1 million to $369.69 billion during the week under review.
Besides the US dollar, FCAs consist of nearly 20-30 per cent of major (non-US) global currencies. The FCAs also include investments in US Treasury bonds, bonds of other selected governments and deposits with foreign central and commercial banks.
The country’s gold reserves were stagnant at $19.94 billion.
However, the SDRs’ value dipped by $1.2 million to $1.49 billion.
Similarly, the country’s reserve position with the IMF slipped by $1.8 million to $2.26 billion.
—IANS
by admin | May 25, 2021 | Investing
Chennai, (IANS) India’s foreign exchange reserves increased marginally to $361.60 billion as on April 22, 2016, the Reserve Bank of India (RBI) said.
According to RBI’s forex data the reserves stood at $361.60 billion as on April 22 against $360.25 billion for the week ended April 15, 2016.
As an April 22, foreign currency assets stood at $337.53 billion, gold $20.11 billion, special drawing rights $1.49 billion and the reserve position with International Monetary Fund (IMF) stood at $2.45 billion.
On the other hand, the forex reserves for the week ended April 15, 2016, consisted of foreign currency assets of $336.18 billion, gold reserves of $20.11 billion, special drawing rights of $1.49 billion and the reserve position with IMF of $2.45 billion.
