India's forex reserves decline by over $2 bn


Mumbai, Jun 27 (IANS): India's foreign exchange reserves fell by $2.078 billion during the week ended June 19.

According to the RBI's weekly statistical supplement, the overall forex reserves decreased to $505.566 billion from $507.644 billion reported for the week ended June 12.

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 lower by $1.698 billion to $467.039 billion.

Similarly, the value of the country's gold reserves decreased. It fell by $358 million to $32.815 billion.

Besides, the SDR value slipped by $6 million to $1.447 billion.

The country's reserve position with the IMF declined by $16 million to $4.264 billion.

  

Top Stories

Comment on this article

  • smr, Karkala

    Sat, Jun 27 2020

    Since Modi came to power banks wrote off Rs 6,60,000 Crore worth bad loans. The most of the money looted from our 'willful defaulter' under the watchful eye of 'Chowkidhar' ended up in tax free haven.

    The 'Chota Modi' and Modijis ladla Mehul Bhai duo has scooped nearly Rs 14,000 crores that is is equivalent to $2 billion which government is now showing it as deficit.

    Bahut Hui Mehangai Ki Maar, Abki Baar.......Remember this slogan? This has now become a cruel joke on the people of India! In PM Modi's rule, while the value of Rupee is at its lowest,prices of petrol, diesel, and LPG are at an all time high!

    Bad gayi hai Mehangai ki Mar, Chup kyu hai Modi Sarkar?

    Jai Hind

    DisAgree Agree [1] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Sat, Jun 27 2020

    Where to go now in COVID times?

    DisAgree [2] Agree [4] Reply Report Abuse

  • David Pais, Mangalore

    Sat, Jun 27 2020

    ಮೆಕ್ಗಿಲ್ ಮಾಂತ ಲಗಾಡಿ ದೈದೆರ್. ಕುಂಬಾರನಿಗೆ ವರುಷ ದಣ್ಣಗಗೆ ನಿಮಿಷ.

    DisAgree [4] Agree [13] Reply Report Abuse

  • Krishna, Udupi

    Sat, Jun 27 2020

    Thanks for believing RBI for first time since 2014

    DisAgree [6] Agree [4] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Jun 27 2020

    I wonder where all this money is going ...

    DisAgree [3] Agree [18] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Jun 27 2020

    Are these figures Audited ...

    DisAgree [3] Agree [16] Reply Report Abuse


Leave a Comment

Title: India's forex reserves decline by over $2 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.