Forex reserves rise by $73.2 mn to touch record high of $365.82 bn

Gold reserves remain unchanged at $21.58 billion

PTI August 19, 2016 18:03:58 IST
Forex reserves rise by $73.2 mn to touch record high of $365.82 bn

Mumbai: The country's forex exchange reserves surged by $73.2 million to touch a life-time high of $365.82 billion in the week to 12 August, helped by increase in foreign currency assets, the Reserve Bank said Friday.

Forex reserves rise by 732 mn to touch record high of 36582 bn

AP

In the previous week, the reserves had increased by $253.6 million to touch $365.75 billion. Foreign currency assets (FCAs), a major component of the overall reserves increased by $81.6 million to $340.36 billion.

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

Gold reserves remain unchanged at $21.58 billion. The country's special drawing rights with International Monetary Fund declined by $3.2 million to $1.49 billion, while the reserve position was down by $5.2 million to $2.39 billion, RBI said.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

RBI maintains accommodative stance, leaves repo rate unchanged at 4%; hints at future relaxations
India

RBI maintains accommodative stance, leaves repo rate unchanged at 4%; hints at future relaxations

RBI had last revised its policy rate on May 22, in an off-policy cycle to perk up demand by cutting interest rate to historic low.

Sashidhar Jagdishan set to be next CEO of HDFC Bank; Aditya Puri's successor joined back in 1996
Business

Sashidhar Jagdishan set to be next CEO of HDFC Bank; Aditya Puri's successor joined back in 1996

Jagdishan, a chartered accountant by profession, is a science graduate and has a Master's degree in Economics of Money, Banking and Finance. He has over 29 years of experience in the banking industry