Sunday, May 20 2018

December 9, 2017

FX reserves increases by $1.2 billion

India’s FX reserves of India increased by 1.2 billion USD to touch a record high of 401.942 billion US Dollar in the week ended 1st December 2017.A Reserve Bank of India release said that foreign currency assets rose by 1.151 billion to 377.456 billion US Dollar.In the previous week, the reserves had surged by 1.208 billion US Dollar to cross the 400 mark and touched a peak of 400.741 billion US Dollar.After remaining stable for many months, gold reserves also rose by 36.5 million to 20.703 billion US Dollar. India’s reserve position also increased by 7.4 million to 2.280 billion US Dollar.