City
Epaper

India's foreign exchange reserves rise by over $2.5 bn

By IANS | Published: November 27, 2020 8:58 PM

Mumbai, Nov 27 India's foreign exchange reserves rose $2.51 billion during the week ended November 20.According to ...

Open in App

Mumbai, Nov 27 India's foreign exchange reserves rose $2.51 billion during the week ended November 20.

According to the Reserve Bank of India's weekly statistical supplement, the reserves increased to $575.290 billion from $572.771 billion reported for the week ended November 13.

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 $2.83 billion to $533.10 billion.

However, the value of the country's gold reserves decreased by $339 million to $36.015 billion.

Nevertheless, the SDR value gained $4 million at $1.492 billion, while the country's reserve position with the IMF rose by $19 million to $4.68 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

Open in App

Related Stories

InternationalWhite House says it's examining Hamas agreement to ceasefire proposal

EntertainmentGigi Hadid stuns in old Hollywood glamour at the Met Gala 2024

InternationalIsrael says 'will continue' attacks on Rafah after Hamas accepts truce proposal

EntertainmentChris Hemsworth, wife Elsa Pataky serve couple goals at Met Gala debut

EntertainmentMet Gala: Mindy Kaling stuns in Indian designer Gaurav Gupta's ensemble, dons outfit similar to Aishwarya Rai's Cannes look

Business Realted Stories

Business"GST lowered taxes on many essential items compared to pre-GST rates" says FM Nirmala Sitharaman

BusinessGST has benefited the poor, empowered the states: FM Sitharaman

BusinessIndian airlines poised to capture 50% of country’s global passenger traffic: CRISL

BusinessRetired justice Sanjay Kumar Mishra appointed as first president of GST tribunal

BusinessIndian Bank posts 55% jump in Q4 net profit, declares dividend of Rs 12 per share