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.



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: Aug 19, 2016 18:03 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See