News Karnataka
Monday, September 20 2021


India’s forex reserves rise by over $800 mn

Mumbai: India’s foreign exchange reserves rose by $835 million during the week ended July 16.

According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves increased to $612.730 billion from $611.895 billion reported for the week ended July 9.

India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country’s reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $463 million to $568.748 billion.

Similarly, the value of the country’s gold reserves rose by $377 million to $373.33 billion.

The SDR value rose by $1 million to $1.548 billion.

However, the country’s reserve position with the IMF inched lower by $7 million to $5.100 billion.

Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe Newsletter

Get latest news karnataka updates on your email.

error: Content is protected !!