Sunday, July 23 2017

July 8, 2017

Forex reserves of India at record-high of 386.53 billion US dollors

A RBI press release said that has informed that foreign exchange reserves of India have increased by 4.007 billion US dollars to touch a record high of 386.539 billion US dollars in the week ended 30th June. Assets of foreign currency , a major part of the overall reserves rose by 3.724 billion US dollars to 362.388 billion US dollars. In the previous week, the reserves had surged by 576.4 million US dollars to reach 382.53 billion US dollars. Gold reserves also increased by 252.8 million US dollars to 20.348 billion US dollars.India’s special drawing rights with the IMF went up by 11.8 million US dollars to 1.479 billion US dollars, while the country’s reserve position also increased by 18.9 million USD to 2.322 billion USD.