Latest


India's foreign exchange reserves rises by over $4 bn

  •   Sat, Jan 09 2021 09:05:27 AM

Mumbai, Jan 9 (IANS): India's foreign exchange reserves rose by $4.483 billion during the week ended January 1.

According to the Reserve Bank of India's weekly statistical supplement, the reserves increased to $585.324 billion from $580.841 billion reported for the week ended December 25.

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $4.168 billion to $541.642 billion.

Besides, the value of the country's gold reserves increased by $315 million to $37.026 billion.

However, the SDR value remained flat at $1.510 billion.

Similarly, the country's reserve position with the IMF remained static at $5.145 billion.
  

Top Stories

Comment on this article

  • Save My India, India.

    Sat, Jan 09 2021

    FOREX reserves up, Petrol prices up, Indian Rupee on Free Fall mode is the 2021 gift for all Indians.
    Jai Hind!!!

    DisAgree Agree [2] Reply Report Abuse

  • Ajay Pai, Manglore

    Sat, Jan 09 2021

    Chaiwala managed economy better than an economist!

    Well done Modi ji.....

    DisAgree [5] Agree [2] Reply Report Abuse

  • Deshbhakt, Mangalore

    Sat, Jan 09 2021

    By any chance, Mr. Pai, are you too an economist like the Chaiwala ??

    Then, you both may be knowing that Foreign Exchange reserves can be used only for imports, none other internal requirements.

    Congrats Mr. Pai, keep your faith continued on your counterpart.

    DisAgree Agree [5] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Jan 09 2021

    Can any Economist explain why is our Indian Rupee Sinking against the Dollar ...

    DisAgree Agree [4] Reply Report Abuse

  • Mangalurian, Mangaluru

    Sat, Jan 09 2021

    Foreign exchange reserves of any country are not assets of the Government (unless it is North Korea)...
    ...they are LIABILITIES!

    Most of these reserves in India are made up of remittances by very hard-working migrants who are never noticed by the Government!

    DisAgree Agree [7] Reply Report Abuse

  • Deshbhakt, Mangalore

    Sat, Jan 09 2021

    Thank you Indian Beef exporters. Thank you NRI workers, please continue doing your service to the nation.

    When is our PM leaving the nation for globe trotting ? The coffers are filled to the brim, at your service. Though the growth at the interiors is contracting by 7.7%, you need not worry. Continue fooling the masses saying that you are going to bring business. We wonder whether India has a PM or Business Development Manager.

    DisAgree [1] Agree [3] Reply Report Abuse


Leave a Comment

Title: India's foreign exchange reserves rises by over $4 bn



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like