Forex reserves up $ 1 billion, at record high of $ 367 billion
The country's foreign exchange reserves increased by a healthy $ 1.346 billion to touch a record high of $ 367.169 billion in the week to August 19 mainly due to a rise in foreign currency assets (FCAs).
Last week, the reserves had shot up by $ 73.2 million to $ 365.822 billion.
FCAs, a major component of the overall reserves, rose by $ 1.315 billion to $ 341.675 billion, the Reserve Bank said today.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of non-US currencies such as euro, pound and yen held in the reserves.
Gold reserves remained unchanged at $ 21.584 billion.
The country's special drawing rights with International Monetary Fund increased by $ 11.8 million to $ 1.497 billion, while the reserve position was up by $ 19.2 million to $ 2.411 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
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
07:37 PM IST