 "Forex reserves rise marginally after a sharp fall")
India’s foreign exchange reserves rose marginally by $1.43 billion for the week ended August 9 to $278.60 billion, the Reserve Bank of India (RBI) data released on Friday showed.
In the previous week ended August 2 the reserves fell by almost $3 billion to $277.17 billion, the lowest level in over three years.
The rise in the reserves was due to foreign currency assets rising by $1.45 billion during the week to $251.35 billion.
During the week gold reserves remained unchanged at $20.75 billion. For the week under review, the Special Drawing Rights (SDRs) rose by $45.4 million to $4.40 billion. However, the reserve position at International Monetary Fund (IMF) fell by $64.7 million to $2.11 billion.
In the previous week ended August 2 the reserves fell by almost $3 billion to $277.17 billion, the lowest level in over three years.
The rise in the reserves was due to foreign currency assets rising by $1.45 billion during the week to $251.35 billion.
During the week gold reserves remained unchanged at $20.75 billion. For the week under review, the Special Drawing Rights (SDRs) rose by $45.4 million to $4.40 billion. However, the reserve position at International Monetary Fund (IMF) fell by $64.7 million to $2.11 billion.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%