India's forex reserves rise by over $3 bn
24-April-2020
India's foreign exchange reserves rose by $3.09 billion during the week ended April 17, RBI data showed.
According to the RBI's weekly statistical supplement, the overall forex reserves increased to $479.56 billion from $476.47 billion billion reported for the week ended April 10.
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 $1.54 billion to $441.88 billion.
Similarly, the value of the country's gold reserves increased by $1.54 billion to $32.67 billion. In addition, the SDR value rose by $3 million to $1.42 billion, but the country's reserve position with the IMF remained flat at $3.57 billion.-IANS
Hyderabad BJP Candidate Booked For Hurting Religious Sentiments
BJP Loses Veteran Malikayya Guttedar to Congress Ahead of Lok Sabha Elections
ED Attaches Rs 97.79 Crore Worth of Properties Belonging to Raj Kundra Under PMLA
ISRO's Former Director Cites Probability Theory in Support of Possible Alien Existence
Gaming Startup LightFury Raises $8.5 Million to Develop AAA Titles in India and UK