 "Forex reserves rise $827.4 million")
The Reserve Bank of India (RBI)'s foreign exchange reserves rose $827.4 million for the week ending October 2 to $350.81 billion, show data released on Friday. Foreign currency assets, a key component of foreign exchange reserves, rose $717.6 million to $327.30 billion.
Meanwhile, the rupee ended at a two-month high due to dollar sale by banks and exporters. It ended at 64.74 compared with its previous close of 65.08 a dollar. The rupee had opened at 64.91 and during intra-day trades it touched a high of 64.7. It had ended at 64.21 a dollar on August 11.
During the week ending October 2, gold reserves stood at $18.15 billion after a rise of $116.5 million. For the week under review, the special drawing rights (SDRs) fell $1.7 million to $4.05 billion, while India's reserve position with the International Monetary Fund stood at $1.31 billion, recording a fall of $5 million.
Meanwhile, the rupee ended at a two-month high due to dollar sale by banks and exporters. It ended at 64.74 compared with its previous close of 65.08 a dollar. The rupee had opened at 64.91 and during intra-day trades it touched a high of 64.7. It had ended at 64.21 a dollar on August 11.
During the week ending October 2, gold reserves stood at $18.15 billion after a rise of $116.5 million. For the week under review, the special drawing rights (SDRs) fell $1.7 million to $4.05 billion, while India's reserve position with the International Monetary Fund stood at $1.31 billion, recording a fall of $5 million.
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%