Country's forex reserves jump $2.44 bn to $294.5 bn

The gold reserves remained unchanged at $26 bn during the week

India's foreign exchange reserves rose by $2.44 billion to $294.47 billion on the back of a healthy increase in the currency assets during the week ended September 14.

The total reserves had risen $1.58 billion to $292 billion in the previous week.

Foreign currency assets (FCAs), a major component of the forex reserves, shot up by $2.39 billion to $261.51 billion for the week under review, the Reserve Bank's weekly statistical data showed today.

FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.

The gold reserves remained unchanged at $26.24 billion during the week, the apex bank said.

For the week under review, the special drawing rights (SDRs) were up by $65.4 million to $4.471 billion, while the country's reserve position with the IMF was up $32.9 million to $2.249 billion, the apex bank data showed.

image
Business Standard
177 22
Business Standard

Country's forex reserves jump $2.44 bn to $294.5 bn

The gold reserves remained unchanged at $26 bn during the week

Press Trust of India  |  Mumbai 



India's foreign exchange reserves rose by $2.44 billion to $294.47 billion on the back of a healthy increase in the currency assets during the week ended September 14.

The total reserves had risen $1.58 billion to $292 billion in the previous week.

Foreign currency assets (FCAs), a major component of the forex reserves, shot up by $2.39 billion to $261.51 billion for the week under review, the Reserve Bank's weekly statistical data showed today.

FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.



The gold reserves remained unchanged at $26.24 billion during the week, the apex bank said.

For the week under review, the special drawing rights (SDRs) were up by $65.4 million to $4.471 billion, while the country's reserve position with the IMF was up $32.9 million to $2.249 billion, the apex bank data showed.

RECOMMENDED FOR YOU

Country's forex reserves jump $2.44 bn to $294.5 bn

The gold reserves remained unchanged at $26 bn during the week

The total reserves had risen $1.58 billion to $292 billion in the previous week.

India's foreign exchange reserves rose by $2.44 billion to $294.47 billion on the back of a healthy increase in the currency assets during the week ended September 14.

The total reserves had risen $1.58 billion to $292 billion in the previous week.

Foreign currency assets (FCAs), a major component of the forex reserves, shot up by $2.39 billion to $261.51 billion for the week under review, the Reserve Bank's weekly statistical data showed today.

FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.

The gold reserves remained unchanged at $26.24 billion during the week, the apex bank said.

For the week under review, the special drawing rights (SDRs) were up by $65.4 million to $4.471 billion, while the country's reserve position with the IMF was up $32.9 million to $2.249 billion, the apex bank data showed.

image
Business Standard
177 22

More News

  • Shutterstock Lending rates to soften only slowly: Banks
  • Arundhati Bhattacharya No retail loan bubble in the making, says SBI chief
Widgets Magazine
Widgets Magazine
Advertisement

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard