India s forex reserve up $445mn
Friday - August 31, 2018 11:06 pm ,
Category : BUSINESS
Mumbai Aug 31 (IANS) India s foreign exchange (forex) reserves rose by $445.4 million during the week ended August 24 official data showed on Friday.
According to the Reserve Bank of India (RBI) weekly statistical supplement the overall forex reserves edged higher to $401.29 billion from $400.85 billion reported for the week ended August 17.
India s forex reserves comprise 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 -- augmented by $386.6 million to $376.59 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies.
Similarly the value of the country s gold reserves also increased. It rose by $35.7 million to $20.76 billion.
As per the data the SDRs value increased by $8.6 million to $1.47 billion while the country s reserve position with the IMF edged higher by $14.5 million to $2.46 billion.
--IANS rv/nir
According to the Reserve Bank of India (RBI) weekly statistical supplement the overall forex reserves edged higher to $401.29 billion from $400.85 billion reported for the week ended August 17.
India s forex reserves comprise 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 -- augmented by $386.6 million to $376.59 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies.
Similarly the value of the country s gold reserves also increased. It rose by $35.7 million to $20.76 billion.
As per the data the SDRs value increased by $8.6 million to $1.47 billion while the country s reserve position with the IMF edged higher by $14.5 million to $2.46 billion.
--IANS rv/nir
