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India's forex reserves at $426.416 billion

  •   Sat, Jun 29 2019 09:49:47 AM

Mumbai, Jun 28 (IANS): India's foreign exchange reserves increased by $4.215 billion during the week ended June 21, official data showed on Friday.

According to the Reserve Bank of India's weekly statistical supplement, the overall forex reserves rose to $426.416 billion from $422.200 billion reported for the week ended June 14.

India's forex reserves comprise Foreign Currency Assets (FCAs), gold reserves, Special Drawing Rights (SDRs) and India's reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs - the largest component of the forex reserves - edged higher by $4.202 billion to $398.649 billion.

Besides the US dollar, FCAs consist of 20-30 per cent of the other major global currencies.

The RBI's weekly data showed that the value of the country's gold reserves was stagnant at $22.958 billion.

However, the SDR value rose by $4.2 million to $1.453 billion, while the country's reserve position with the IMF gained $9.6 million to $3.354 billion.
  

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Comment on this article

  • Jossey Saldanha, Mumbai

    Sat, Jun 29 2019

    Had it not been for these Gujarati's fleeing the County after looting in Billions.
    India would be the Richest Country in the World ...

    DisAgree [3] Agree [2] Reply Report Abuse

  • Jennifer, Mangalore

    Sat, Jun 29 2019

    Jossey,

    If only we all Indians honestly declared our income/assets and paid tax. Our PM is asking jobless youth to sell Pakodas which actually is a black money generating source. None of the street vendors declare their income nor pay taxes. Modi set out with DeMo to catch such culprits but the process is a total failure. It did not collect more money that that was in circulation.

    Fleeing Gujjus may have declared some percentage of their wealth but that is peanuts as regards to what unlisted business community earns.

    DisAgree Agree Reply Report Abuse

  • mohan, Mangalore

    Sat, Jun 29 2019

    But what is external debts .....it increased in Modi government. .... now our external debts is 544 billion.........

    DisAgree Agree [3] Reply Report Abuse

  • Harish Hegde, Mangalore/Aramco

    Sat, Jun 29 2019

    Sunny, Balkunje is there any benefit for us with the increase in forex reserves? Well it doesn't help any of our unemployed youth and our poor starving people in anyway. Before praising Modi or the government make sure what does it mean.

    DisAgree Agree [6] Reply Report Abuse

  • Mangalurian, Mangaluru

    Sat, Jun 29 2019

    Forex reserves are important - for the Government.

    But they do not help at micro-economics.

    People need jobs and food. This is not achieved by the forex reserves.

    DisAgree [1] Agree [9] Reply Report Abuse

  • Sunny, Balkunje

    Sat, Jun 29 2019

    Now dont ask where is our Rs.15 lakhs. First prove yourself are you sure voted only for bjp. Development confidence with the party.

    DisAgree [9] Agree [4] Reply Report Abuse

  • Sunny, Balkunje

    Sat, Jun 29 2019

    yeah modi ka kamaal..all time high.

    DisAgree [10] Agree [5] Reply Report Abuse

  • Jennifer, Mangalore

    Sat, Jun 29 2019

    How did Modi do this Kamaal ? All the collections from his international conferences, appearances are in this reserve ? By-chance ?

    DisAgree [2] Agree [3] Reply Report Abuse

  • Harish Hegde, Mangalore/Aramco

    Sat, Jun 29 2019

    this donkies have no clue what does it mean.

    DisAgree Agree [3] Reply Report Abuse


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