City
Epaper

India's forex reserves rise by over $1.8 bn

By IANS | Updated: July 16, 2021 19:40 IST

Mumbai, July 16 India's foreign exchange reserves rose by $1.883 billion during the week ended July 9.According ...

Open in App

Mumbai, July 16 India's foreign exchange reserves rose by $1.883 billion during the week ended July 9.

According to the Reserve Bank of India's (RBI) weekly statistical supplement, the reserves increased to $611.895 billion from $610.012 billion reported for the week ended July 2.

India's forex reserves comprise 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 $1.297 billion to $568.285 billion.

Similarly, the value of the country's gold reserves rose by $584 million to $36.956 billion.

However, the SDR value remained stagnant at $1.547 billion.

In addition, the country's reserve position with the IMF inched up by $3 million to $5.107 billion.

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

MumbaiAuto Driver Arrested In Mathura For Allegedly Raping and Killing Sex Worker In Mumbai

MumbaiMumbai Traffic Update: Police Issue Advisory for Shiv Sena UBT Dussehra Rally On October 2; Check Diversions

MumbaiMumbai: FIR Filed Over Maharashtra Congress’ Social Media Post Allegedly Inciting Violence

MumbaiMumbai: MNS Workers Protest at Andheri Metro Station, Damage Billboard, Demand Only Marathi Ads

MumbaiMumbai: Bomb Threat at Dadar Railway Station; Police Launch Investigation

International Realted Stories

InternationalAfghanistan restores internet after 72-hour nationwide blackout

InternationalIndia to host Conclave of Army Chiefs of UN Troop Contributing Countries in Delhi from Oct 14-16

InternationalUS should deepen defence ties with India to counter China, says expert

InternationalUKPNP raises alarm over humanitarian crisis in PoJK at UNHRC session in Geneva

InternationalQatar PM says Trump's Gaza ceasefire plan meets key goals, urges all sides to seize momentum