business-india-news

India's foreign exchange reserves rise by USD 544.7 mn

Mumbai, Sep 21 : India's foreign exchange (forex) reserves increased by USD 544.7 million to USD 275.35 billion, led by healthy rise in core currency assets, the Reserve Bank of India (RBI) data showed.


According to the central bank's Weekly Statistical Supplement, the country's total reserve stood at USD 275.35 billion for the week ended Sep 13, posting a weekly gain of USD 544.7 million.

The forex reserves had declined by USD 685.1 million in the previous week.

However, in rupee term, the value of total reserve declined by Rs.514.7 billion to Rs.17,624.9 billion. The decline was because of the appreciation in the value of rupee against major global currencies, especially US dollar, British pound and Euro.

The foreign currency assets, the biggest component of the forex reserves, increased by USD 500.5 million to USD 247.24 billion during the week under review.

The foreign currency assets, expressed in the US dollar term, include the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen.

The special drawing rights (SDRs) increased by USD 30.3 million to USD 4.38 billion, while reserves with the International Monetary Fund (IMF) rose by USD 13.9 million to USD 1.99 billion.

The value of India's gold reserves remained unchanged at USD 21.72 billion during the week under review.

--IANS (Posted on 21-09-2013)

business-india-news headlines

Sensex closes 136 points up; capital goods stocks gain

TCS, Mitsubishi to set up software services firm in Japan

Sensex gains 136 points; capital goods, metal stocks rise

Reliance Jio joins hand with ATC for tower-sharing

Rupee falls on dollar demand from oil importers

Reliance Insurance launches online life cover plan

Cadbury India changes name Mondelez India Foods

Reliance Jio partners ATC to use telecom tower

TCS signs strategic agreement with MC

Sensex gains 73 points during pre-noon session

Sahara hopeful of Subrata Roy release, hearing on Apr 21

Reliance rubber unit sets up customer support in Vadodara

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top