Sunday, September 27 2020

September 14, 2020

India’s Forex reserves rise to reach a lifetime high by 582 million USD

Mumbai – India’s Forex rose by USD 582 million to reach a lifetime high of USD 542.013 billion .
Forex position with the IMF declined by USD 9 million to USD 4.647 billion during the reporting week.
In the reporting week, the foreign currency assets, a major component of the overall reserves, increased by 269 million to USD 498.362 billion USD.
Reserves of Gold rose by USD 321 million in the reporting week to USD 37.521 billion. The special drawing rights with the International Monetary Fund marginally increased by USD 2 million to USD 1.482 billion.