Sunday, February 25 2018

January 27, 2018

India’s foreign exchange reserves touches 413.825 billion USD

Mumbai- RBI said that the foreign exchange reserves rose by 959.1 million USD to touch during the reporting week. According to RBI release,in the previous week, the reserves had touched 413.825 billion USD after it rose by 2.7 billion USD.In the reporting week, foreign currency assets, a major component of the overall reserves, rose by 934.6 million USD to 390.768 billion USD.Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves.