Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
10,704.80-135.85
Stock Analysis, IPO, Mutual Funds, Bonds & More

Forex reserve hits fresh lifetime high of $430.57 billion

India's gold reserves surged by $1.591 billion to $26.754 billion, according to data.

PTI|
Aug 16, 2019, 08.10 PM IST
0Comments
Getty Images
Forex-getty-1200
Mumbai: India's foreign exchange reserves surged by $1.620 billion to $430.572 billion in the week to August 9 on rise in foreign currency assets, according to the latest RBI data released on Friday.

In the previous reporting week ended on August 2, the reserves had declined by $697.2 million to $428.952 billion.

In the reporting week, foreign currency assets, a major component of the overall reserves, increased by $15.2 million to $398.739 billion, the apex bank said on Friday.

Expressed in dollar terms, foreign currency assets include the effect of appreciation/depreciation of non-US units like the euro, pound and yen held in the reserves.

The country's gold reserves surged by $1.591 billion to $26.754 billion, according to data.

Special drawing rights with the International Monetary Fund were up by $6.7 million to $1.441 billion.

The country's reserve position with the fund rose by $7 million to $3.636 billion.

Also Read

Forex reserves soar USD 1 bn to USD 429.60 bn

Forex reserves down $446 million to $428.6 billion

Forex reserve falls by $446 million to $428.6 billion

Forex reserve falls below $430 billion, down $1.45 billion

Forex reserve falls by $70.8 million to $430.5 billion

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service