India's forex reserves rises to US$ 481.08 billion as on 01 May 2020

Image
Capital Market
Last Updated : May 08 2020 | 11:50 PM IST

India's forex reserves jumps by US$ 1.622 billion in the week ended 01 May

India's foreign exchange reserves increased by US$ 1.62 billion to US$ 481.08 billion in the week ended 01 May 2020. The foreign exchange reserves had stood at US$ 479.46 a week ago.

Within the foreign exchange reserves, the foreign currency assets moved up to US$ 443.32 billion in the week ended 01 May 2020 from US$ 441.56 billion a week ago.

The gold asset eased to US$ 32.28 billion from US$ 32.90 billion a week ago.

SDRs were flat at US$ 1.43 billion in the week ended 01 May 2020.

India's foreign exchange reserves moved up by US$ 3.27 billion over March 2020, while jumped US$ 62.39 billion over a year ago level.

Powered by Capital Market - Live News

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: May 08 2020 | 7:30 PM IST

Next Story