The Reserve Bank of India (RBI) said on Friday, that India's foreign exchange (FOREX) reserves declined by USD 935.2 million to USD 359.671 billion in the week to December 23 owing to fall in foreign currency assets. In the preceding week, Forex reserves had fallen by USD 2.380 billion to USD 360.606 billion by touching a life-time high of USD 371.99 billion in the week to September 30, 2016. It further added that the Gold reserves remained steady at USD 19.982 billion in the reporting week.
Foreign currency assets (FCAs) dipped by USD 933.2 million to USD 335.970 billion in the reporting week. FCAs, expressed in US dollar terms, include the effects of appreciation/depreciation of non-US currencies such as the euro, pound and the yen held in the reserves.
The data indicated that the special drawing rights with the IMF decreased by USD 0.9 million to USD 1.427 billion, while India's reserve position with the Fund also declined by USD 1.1 million to USD 2.290 billion.
Foreign currency assets (FCAs) dipped by USD 933.2 million to USD 335.970 billion in the reporting week. FCAs, expressed in US dollar terms, include the effects of appreciation/depreciation of non-US currencies such as the euro, pound and the yen held in the reserves.
The data indicated that the special drawing rights with the IMF decreased by USD 0.9 million to USD 1.427 billion, while India's reserve position with the Fund also declined by USD 1.1 million to USD 2.290 billion.
Paytm chooses UP for funds bank launch in February
ReplyDeleteCapital Cow Research
Demonetisation U-turn? RBI now turns away individuals wanting to switch Rs 500, Rs 1,000 notes
ReplyDeleteStock Market Advisory
Futures Trading Tips
Get best and reliable bulk SMS Service and grow your business earn Profit by generating lead through Bulk SMS Service.
ReplyDeleteWebsite design and Developmet service in NY
DHFL Q3 net profit up 32% (YoY).
ReplyDeleteCapitalstars
Thanks for providing the information with us, Keep sharing more updates with us.
ReplyDeleteI read your post that was useful for trader and investor, they are inspiring and helpful, and we will see more update on you, Nifty Market Tips.
ReplyDelete