BrahMos WORLD INDIA MADHYA PRADESH BHOPAL SPORTS BUSINESS FUN FACTS ENTERTAINMENT LIFESTYLE TRAVEL ART & LITERATURE SCIENCE & TECHNOLOGY HEALTH EDUCATION DIASPORA WTN SPECIAL OPINION & INTERVIEW GOSSIP CORNER RECIPES DRINKS BIG MEMSAAB 2017 BUDGET 2017 FUNNY VIDEOS VIRAL ON WEB PICTURE STORIES Mahakal Ke Darshan
ABOUT US PRIVACY POLICY SITEMAP CONTACT US
logo
Breaking News


India s Forex reserves rise by $1.75 bn

Friday - January 12, 2018 10:42 pm , Category : BUSINESS

Mumbai Jan 12 (IANS) India s foreign exchange (Forex) reserves rose by $1.75 billion as on January 5 2018 official data showed on Friday.



The Reserve Bank of India s (RBI) weekly statistical supplement showed that the overall Forex reserves rose to $411.12 billion from $409.36 billion reported for the week ended December 29.

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 -- increased by $2.04 billion to $387.14 billion during the week under review.

Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies. It also includes investments in US Treasury bonds bonds of other selected governments and deposits with foreign central and commercial banks.

The country s gold reserves value remained declined by $294.4 million $20.42 billion.

However SDRs inched up by $3.2 million to $1.51 billion. Similarly the country s reserve position with the IMF rose by $4.2 million to $2.03 billion.

--IANS
rv/dg

RELATED NEWS