India Forex Reserves: Rise witnessed! Check current status and what RBI weekly statistical supplement data shows
India Forex Reserves: According to an official data cited by the Reserve Bank of India's in weekly statistical supplement, India's foreign exchange reserves rose by $2.48 billion during the week ended November 29.
India Forex Reserves: According to an official data cited by the Reserve Bank of India's in weekly statistical supplement, India's foreign exchange reserves rose by $2.48 billion during the week ended November 29. As per RBI's weekly statistical supplement, the overall forex reserves increased to $451.08 billion from $448.59 billion reported for the week ended November 22.
Forex reserves: What all they are comprised of?
-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 $2.64 billion at $419.36 billion.
Gold reserves
However, the RBI's weekly data showed that the value of the country's gold reserves went down by $148 million to $26.64 billion.
Special drawing rights (SDRs)
Similarly, the SDR value inched down by $4 million to $1.43 billion, while, the country's reserve position with the IMF declined by $6 million to $3.62 billion.
Last week data
Earlier it was reported that India's foreign exchange reserves rose by $347 million during the week ended November 22. According to the Reserve Bank of India's weekly statistical supplement, the overall forex reserves increased to $448.59 billion from $448.24 billion reported for the week ended November 15.
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $254 million at $416.72 billion. Similarly, the RBI's weekly data showed that the value of the country's gold reserves went up by $87 million to $26.79 billion. Similarly, the SDR value inched up by $5 million to $1.44 billion, while, the country's reserve position with the IMF rose by $2 million to $3.63 billion.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
10:13 AM IST