57923
India Forex Reserves Rise
India Forex Reserves Rise

India Forex Reserves Rise

India Forex Reserves Rise

India’s foreign exchange reserves rose by $687.9 million to $359.842 billion in the week to January 13 helped by increase in the foreign currency assets, the Reserve Bank of India said Saturday, PTI reported. In the previous week, forex reserves had fallen by $1.14 billion to $359.155 billion. Foreign Currency Assets, a major component of the overall reserves, increased by $683.7 million to $337.508 billion in the reporting week. FCAs, expressed in US dollar terms, include the effects of appreciation/depreciation of non-US currencies such as the euro, pound and the yen held in the reserves. The special drawing rights with the International Monetary Fund rose by $1.5 million to $1.439 billion, while India’s reserve position with the fund, too, increased by $2.7 million to $2.311 billion, RBI said.

 

Short URL : https://goo.gl/q6ncxO
  1. https://goo.gl/nZcHmu
  • https://goo.gl/pWvBCT
  • https://goo.gl/VzAjSZ
  • https://goo.gl/PCE4DH
  • https://goo.gl/iQBMuE

You can also read ...

An expanding trade war threatens to squeeze incomes.
The untold story of the world economy—so far at least—is the...
Asian Stocks Retreat, European Shares Mixed
Asian stocks closed lower on Monday as investors digested the...
PwC Says Australian Firms Deliberately Going Broke
Companies that deliberately fail are costing the Australian...
Chinese Premier Li Keqiang (C) shakes hands with Jean-Claude Juncker (L) and Donald Tusk after the meeting in Beijing on Monday.
China could open its economy if it wished, European Commission...
Experts Say China Can Cope With Uncertain H2
China is confident it can cope with a more uncertain second...
Global Growth Peaks With a Whimper
It wasn’t runaway inflation or a financial implosion. The...
Russia has been seeking ways of decreasing dependence  on the US currency.
One of Russia’s largest banks, VTB is seeking to decrease the...
Turkey Budget Deficit Expands
Turkey’s central government budget balance recorded a deficit...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus