India's forex reserves rise by $1.65 billion to $586.41 billion in a week
For the week ended April 14, the foreign currency assets, a major component of the reserves, increased by USD 2.204 billion to USD 516.635 billion.
India's forex reserves rose by USD 1.657 billion to USD 586.412 billion as of April 14, marking their second consecutive week of increase, according to the RBI data released on Friday. In the previous reporting week, the overall reserves rose by USD 6.306 billion to USD 584.755 billion.
For the week ended April 14, the foreign currency assets, a major component of the reserves, increased by USD 2.204 billion to USD 516.635 billion, according to the Weekly Statistical Supplement released by the RBI.
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. Gold reserves dropped by USD 521 million to USD 46.125 billion, the RBI said. The Special Drawing Rights (SDRs) were down by USD 38 million to USD 18.412 billion, the apex bank said.
The country's reserve position with the IMF was up by USD 12 million to USD 5.19 billion in the reporting week, the apex bank data showed.
Also Read: Reliance Jio Q4: Net profit grows 1.7% QoQ to Rs 4,720 crore
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
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
06:57 PM IST