Kentucky Indian Community - KentuckyIndian.com
| | | | | | | | | | | |
 


 

India's forex reserves rise by $3.51 bn to $446 bn


Maharashtra,Business/Economy


Author : Indo Asian News Service

Read Latest News and Articles

Share With Your Friends

Add To My Favorite     Add A Picture

Add an Article

View All Contributions

Mumbai, Nov 8 (IANS) India's foreign exchange reserves rose by $3.51 billion during the week ended November 1, official data showed on Friday.

According to the Reserve Bank of India's weekly statistical supplement, the overall forex reserves increased to $446.09 billion from $442.58 billion reported for the week ended October 25.

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 higher by $3.20 billion at $413.65 billion.

The RBI's weekly data also showed that the value of the country's gold reserves went up by $301 million to $27.35 billion.

The country's reserve position with the IMF rose by $10 million to $3.64 billion, while the SDR value went up by $2 million to $1.44 billion.

--IANS

rv/vd



Latest Showbiz News

View More News


More News Articles

Gulshan Devaiah: I want to showcase my talent beyond villain roles

Dhawan brings smile at hospital, Hardik takes funny dig

Twinkle's Insta pic of Mumbai auto gets over 50K likes

Ranu Mondal's viral makeup pic 'fake', claims salon

Salim Merchant claims YRF haven't paid royalties for 4 years