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

EntertainmentArmaan Malik to Host First-Ever Stadium Concert in Mumbai This November, Celebrating 16 Years with a Four-Hour Music Marathon

MumbaiWorli BDD Chawl Redevelopment Live Streaming: Watch Online Telecast As Mumbai MHADA Hands Over Keys of 556 Flats to Residents

MumbaiMumbai: BKC Pod Taxi Project Receives Coastal Clearance, Set to Revolutionize Last-Mile Connectivity

CricketSachin Tendulkar’s Son Arjun Tendulkar Gets Engaged to Saaniya Chandhok: Report

LifestyleIndependence Day 2025: Celebrate India’s Flavours This Weekend at Mumbai’s Top Restaurants

International Realted Stories

InternationalTrump, Putin announce breakthrough on Ukraine after three hours of talks

InternationalPutin breaks protocol during news conference in Alaska, claims 'understanding' with Trump on Ukraine but no deal yet

InternationalIndian envoy Kwatra holds talks with Virginia Senator on India-US bilateral ties

InternationalIndian Embassy, consulates celebrate Independence Day in US

InternationalTrump, Putin set to hold news conference early, after three hours of talks