The Reserve Bank of India’s (RBI) forex reserves rose to $639.516 billion from $637.477 billion reported for the week ended October 1
Photo: IANS
India’s Forex Reserves Rise By Over $2 Billion
India’s foreign exchange reserves rose by $2.039 billion during the week ended October 8.
The Reserve Bank of India’s (RBI) forex reserves rose to $639.516 billion from $637.477 billion reported for the week ended October 1.
India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country’s reserve position with the IMF.
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.550 billion to $577.001 billion.
Similarly, the value of the country’s gold reserves rose by $464 million to $38.022 billion.
However, SDR value fell by $28 million to $19.268 billion.
The country’s reserve position with the IMF also fell by $3 million to $5.225 billion.
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The Reserve Bank of India’s (RBI) forex reserves rose to $639.516 billion from $637.477 billion reported for the week ended October 1 Ians India Published: Friday, 15 October 2021 Last updated: 15 October 2021, 07:27 PM IST Photo: IANSIndia’s Forex Reserves Rise By Over $2 Billion India’s foreign exchange reserves rose by $2.039 billion during the week ended October 8.The Reserve Bank of India’s (RBI) forex reserves rose to $639.516 billion from $637.477 billion reported for the week ended October 1.India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country’s reserve position with the IMF.On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.550 billion to $577.001 billion.Similarly, the value of the country’s gold reserves rose by $464 million to $38.022 billion.However, SDR value fell by $28 million to $19.268 billion.The country’s reserve position with the IMF also fell by $3 million to $5.225 billion. Other StoriesIn a letter to four Chief Ministers including his counterpart from Odisha, Tamil Nadu Chief Minister MK Stalin requested them to allow the sale of firecrackers, which… One terrorist of Srinagar city involved in recent civilian killing, neutralised in Pulwama encounter Witnesses claim that the driver deliberately targetted the gathering, and a viral video of the incident makes for disturbing viewing It is nearly two years since the virus was first detected in the Chinese city of Wuhan, yet the question of how it first emerged remains unclear Copyright © 2021 – Odisha Television Limited All Rights Reserved.