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Forex reserves climb $582 million to record $542 billion: RBI data

The country's foreign exchange reserves rose by $582 million to reach a lifetime high of $542 billion in the week ended September 4, RBI data showed on Friday

Topics
Forex reserves | RBI

Press Trust of India  |  Mumbai 

Photo: Bloomberg
Photo: Bloomberg

The country's foreign exchange reserves rose by USD 582 million to reach a lifetime high of USD 542.013 billion in the week ended September 4, data showed on Friday.

In the previous week ended August 28, the reserves had surged by USD 3.883 billion to USD 541.431 billion.

In the reporting week, the foreign currency assets (FCA), a major component of the overall reserves, increased by USD 269 million to USD 498.362 billion, the data showed.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

The gold reserves rose by USD 321 million in the reporting week to USD 37.521 billion, as per the central bank data.

The special drawing rights with the International Monetary Fund (IMF) marginally increased by USD 2 million to USD 1.482 billion.

The country's reserve position with the IMF declined by USD 9 million to USD 4.647 billion during the reporting week.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, September 11 2020. 19:53 IST
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