India's foreign exchange reserves' rises by over $7 bn


Mumbai, Nov 14 (IANS): India's foreign exchange reserves rose $7.779 billion during the week ended November 6.

According to the Reserve Bank of India's weekly statistical supplement, reserves increased to $568.494 billion from $560.715 billion reported for the week ended October 30.

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 $6.403 billion to $524.742 billion.

Similary, the value of the country's gold reserves increased, by $1.328 billion to $37.587 billion.

The SDR value rose by 7 million to $1.488 billion, while the country's reserve position with the IMF increased by $40 million to $4.676 billion.

 

  

Top Stories

Comment on this article


Leave a Comment

Title: India's foreign exchange reserves' rises by over $7 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.