Forex reserves soar by $3bn to $417.789bn

Image
ANI New Delhi [India]
Last Updated : Feb 03 2018 | 12:40 PM IST

Foreign exchange reserves saw a USD three billion surge to USD 417.789 billion in the week to January 26, the Reserve Bank of India (RBI) stated.

The present rise, the RBI claimed, was attributable to the rise in foreign currency assets.

Over the past four-odd weeks, foreign exchange reserves have been rallying continuously, following a temporary dip in October.

Earlier, foreign exchange reserves registered a new high of USD 414.784 billion in the week to January 19.

Meanwhile, the RBI said gold reserves remained unchanged at 20.421 billion dollars.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Feb 03 2018 | 12:25 PM IST

Next Story