Forex reserves at record high, sniff at USD 360 bn

The foreign exchange reserves touched a new life-time high of USD 359.917 billion after they surged by USD 157.4 million in the week ended April 8, helped by rise in foreign currency assets, the Reserve Bank said today. In the previous week, reserves had increased by a whopping USD 4.2 billion to touch USD 359.759 billion.

PTI April 15, 2016 18:39:03 IST
Forex reserves at record high, sniff at USD 360 bn

Mumbai: The foreign exchange reserves touched a new life-time high of USD 359.917 billion after they surged by USD 157.4 million in the week ended April 8, helped by rise in foreign currency assets, the Reserve Bank said today. In the previous week, reserves had increased by a whopping USD 4.2 billion to touch USD 359.759 billion.

Forex reserves at record high sniff at USD 360 bn

Forex reserves at record high, AP

Foreign currency assets which constitute a major component of the overall reserves rose by USD 159.3 million to USD 335.845 billion in the week under review, RBI said in a release.

Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen held in the reserves.

Gold reserves, however, remained unchanged at USD 20.115 billion.

The massive rise in the forex kitty comes even as the country's special drawing rights with the International Monetary Fund declined by USD 0.9 million to USD 1.501 billion and the reserve position dipped by USD 1 million to USD 2.455
billion.

Updated Date:

also read

Petrol and diesel price today 17 September 2021: Rates constant for 12th day; check price in Delhi, Mumbai here
India

Petrol and diesel price today 17 September 2021: Rates constant for 12th day; check price in Delhi, Mumbai here

Petrol and diesel prices: Petrol price in Delhi stands at Rs 101.19 per litre while diesel is available for Rs 88.62. In Mumbai, petrol is retailing at Rs 107.26 while diesel costs Rs 96.19

Petrol and diesel price today 15 September 2021: Rates constant for 10th day; check price in Delhi, Mumbai here
India

Petrol and diesel price today 15 September 2021: Rates constant for 10th day; check price in Delhi, Mumbai here

Petrol and diesel prices: Petrol price in Delhi stands at Rs 101.19 per litre while diesel is available for Rs 88.62. In Mumbai, petrol is retailing at Rs 107.26 while diesel costs Rs 96.19

Petrol and diesel price today 16 September 2021: Rates unchanged for 11th day; check price in Delhi, Mumbai here
India

Petrol and diesel price today 16 September 2021: Rates unchanged for 11th day; check price in Delhi, Mumbai here

Petrol and diesel prices: Petrol price in Delhi stands at Rs 101.19 per litre while diesel is available for Rs 88.62. In Mumbai, petrol is retailing at Rs 107.26 while diesel costs Rs 96.19