You are here: Home » News-CM » Economy » News
Business Standard

India's forex reserves rises marginally to US$ 393.29 billion as on 21 December

Business Finance

Capital Market 

Forex reserves moves up by US$ 0.167 billion in the week ended 21 December

India's foreign exchange reserves rose marginally to US$ 393.29 billion in the week ended 21 December 2018. The foreign exchange reserves had stood at US$ 393.12 a week ago.

Within the foreign exchange reserves, the foreign currency assets rose to US$ 367.97 billion in the week ended 21 December 2018 from US$ 367.87 billion a week ago. The gold asset also moved up marginally to US$ 21.22 billion from US$ 21.19 billion a week ago. SDRs were flat at US$ 1.46 billion in the week ended 21 December 2018.

India's foreign exchange reserves have dipped by US$ 31.26 billion over March 2018 and US$ 11.63 billion over a year ago level, mainly driven by the decline in foreign currency assets.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, December 31 2018. 11:43 IST