World Economy

India Forex Reserves Reach $382b

India Forex Reserves Reach $382bIndia Forex Reserves Reach $382b

India’s forex reserves increased by $799 million, mainly on account of rise in foreign currency assets, to touch a record high of $381.955 billion in the week to June 16, RBI said, PTI reported. In the previous week, the reserves had declined marginally by $11.5 million to $381.156 billion. FCAs, a major component of overall reserves, rose by $802.4 million to $358.084 billion in the reporting week, the central bank said.  Gold reserves remained unchanged at $20.095 billion. The special drawing rights with the International Monetary Fund dipped by $1.3 million to $1.469 billion.



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