Foreign exchange reserves, expenditure: India
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==2016, Aug: $365.5bn: current record== | ==2016, Aug: $365.5bn: current record== | ||
[http://epaperbeta.timesofindia.com/Article.aspx?eid=31808&articlexml=Forex-kitty-at-all-time-high-of-3655bn-06082016024072 Aug 06 2016 : PTI] ''' Forex kitty at all-time high of $365.5bn ''' | [http://epaperbeta.timesofindia.com/Article.aspx?eid=31808&articlexml=Forex-kitty-at-all-time-high-of-3655bn-06082016024072 Aug 06 2016 : PTI] ''' Forex kitty at all-time high of $365.5bn ''' | ||
Revision as of 18:27, 6 August 2016
This is a collection of articles archived for the excellence of their content. |
Ups and downs over the years
2016, Aug: $365.5bn: current record
Aug 06 2016 : PTI Forex kitty at all-time high of $365.5bn
Country's foreign exchange reserves rose by $2.8 billion to reach a life-time high of $365.5 billion in the week to July 29, helped by rise in foreign currency assets, the Reserve Bank said on Firday.
In the previous week, the reserves had dropped by $664 million to $362.7 billion.
Foreign currency assets (FCAs), a major component of the overall reserves, rose $2.8 billion to $341.04 billion in the reporting week, RBI data showed. FCAs, expressed in dollar terms, include the effect of appreciationdepreciation of non-US currencies such as euro, pound and yen held in the reserves.
Gold reserves remained unchanged at $20.6 billion.
The country's special drawing rights with International Monetary Fund increased by $8.5 million to $1.5 billion while the reserve position rose by $13.6 million to $2.4 billion, RBI said.
