City
Epaper

India's foreign exchange reserves rise by $169 mn

By IANS | Updated: February 26, 2021 22:00 IST

Mumbai, Feb 26 India's foreign exchange reserves rose by just $169 million during the week ended February 19....

Open in App

Mumbai, Feb 26 India's foreign exchange reserves rose by just $169 million during the week ended February 19.

According to the Reserve Bank of India's (RBI) weekly statistical supplement, the reserves increased to $583.865 billion from $583.697 billion reported for the week ended February 12.

India's forex reserves comprise of 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 $1.155 billion to $542.106 billion.

However, the value of the country's gold reserves declined by $977 million to $35.250 billion.

Besides, the SDR value stood lower by $4 million at $1.508 billion.

Nonetheless, the country's reserve position with the IMF decreased by $4 million to $5.002 billion.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: indiamumbaiReserve Bank Of IndiaInternational Monetary FundThe finance ministry of indiaMonetary policy committee of the rbiCentral board of reserve bank of indiaReserve bank of india governorImf researchIndi
Open in App

Related Stories

MumbaiMumbai Airport Issues Travel Advisory Amid India-Pakistan Tensions: CSMIA Releases Passenger Do's and Don'ts

NationalThane: Ganja Worth ₹59,000, ₹3.11 Lakh Cash Recovered in Bhiwandi Shop Raids; Three Arrested

MumbaiMumbai Traffic Update: No Parking Zone Near Anjuman Islam School in Kurla From May 13 to August 12, Check Details Inside

NationalJammu on High Alert: CM Omar Abdullah Urges Citizens to Stay Indoors as Union Territory Faces Blackout Amid Attacks

MumbaiMumbai Horror: Man Molests Eight-Year-Old Girl, Shows Obscene Videos on Pretext of Giving Pizza In Tardeo

Business Realted Stories

BusinessGlobal HIV market to cross $32 billion in 7 major markets in 2033: Report

BusinessSEBI to likely relax proposed limits on index options trading: Report

BusinessCzech Republic to appeal injunction halting nuclear power deal with S. Korea

BusinessIndia, EU to kick off next round of free trade talks in Delhi on Monday

BusinessMonsoon to hit Kerala coast ahead of normal onset date, positive for country's economy