City
Epaper

India's forex reserves decline by over $2 bn

By IANS | Updated: June 27, 2020 00:05 IST

Mumbai, June 26 India's foreign exchange reserves fell by $2.078 billion during the week ended June 19.According ...

Open in App

Mumbai, June 26 India's foreign exchange reserves fell by $2.078 billion during the week ended June 19.

According to the RBI's weekly statistical supplement, the overall forex reserves decreased to $505.566 billion from $507.644 billion reported for the week ended June 12.

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $1.698 billion to $467.039 billion.

Similarly, the value of the country's gold reserves decreased. It fell by $358 million to $32.815 billion.

Besides, the SDR value slipped by $6 million to $1.447 billion.

The country's reserve position with the IMF declined by $16 million to $4.264 billion.

( With inputs from IANS )

Tags: indiamumbaiInternational Monetary Fund
Open in App

Related Stories

MumbaiMumbai Traffic Police Catch Over 200 Drunk Drivers on New Year’s Eve

MumbaiMumbai: Truck Driver Dies After BEST Bus Rams Into Vehicle in Aarey Colony

MaharashtraVasai-Virar Municipal Election 2026: BJP Veteran Shekhar Dhuri Joins Hitendra Thakur’s BVA Ahead of Civic Polls

MumbaiMumbai BMC Election 2026: Ward 15 in Borivali East Set for Straight Fight Between Shiv Sena UBT and BJP

MumbaiMumbai: Hidden Camera Found Inside Hotel Room in Malad East; Case Registered

Business Realted Stories

BusinessMinistry of Information & Broadcasting establishes Live Events Development Cell to boost concert economy

BusinessIndian banking sector resilient; fundamentals strong for further credit growth: Bank of Baroda report

BusinessVibrant Kutch district event inaugurated; Rs 8,500-crore MoUs signed with 334 MSMEs

BusinessChina using its supply chain dominance as coercive tool

BusinessPRAGATI driving accountability, accelerating project implementation: Cabinet Secretary