Forex reserves up $932.4 million to $360.77 billion
Foreign currency assets (FCAs), a major component of the overall reserves, increased by $926.4 million to $338.434 billion in the reporting week, RBI said.
Country's foreign exchange reserves surged for the second consecutive week by $932.4 million to $360.775 billion in the week to January 20 on account of rise in foreign currency assets, the Reserve Bank said today.
The reserves in the previous week had increased by $687.9 million to $359.842 billion.
Foreign currency assets (FCAs), a major component of the overall reserves, increased by $926.4 million to $338.434 billion in the reporting week, RBI said.
FCAs, expressed in US dollar terms, include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen held in the reserves.
Gold reserves remained unchanged in the week at $18.584 million, the RBI said.
The special drawing rights with the International Monetary Fund rose by $2.3 million to $1.442 billion, while India's reserve position with the Fund, too, increased by $3.7 million to $2.314 billion, RBI said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI Senior Citizen FD Rates: What Rs 1 lakh, Rs 3 lakh, and 5 lakh investments will give you in 1-, 3- and 5-year FDs
Atal Pension Yojana EPFO National Pension System SWP Retirement Planning schemes provide pension every month
06:11 PM IST