Expressed in greenback phrases, the international forex belongings embrace the impact of appreciation or depreciation of non-US items just like the
Expressed in greenback phrases, the international forex belongings embrace the impact of appreciation or depreciation of non-US items just like the euro, pound and yen held within the international trade reserves.
India’s foreign exchange reserves elevated for the second consecutive week, touching USD 584.554 billion as of February 26, up by USD 689 million, the Reserve Financial institution stated on Friday.
The general reserves had elevated by USD 169 million to USD 583.865 billion within the earlier reporting week. The reserves, which have been steadily growing over the previous few months, had touched an all-time excessive at USD 590.185 billion for the week ended January 29 this yr.
For the week ended February 26, the core forex belongings the most important part of the general reserves – rose by USD 509 million to USD 542.615 billion, the RBI stated.
Expressed in greenback phrases, the international forex belongings embrace the impact of appreciation or depreciation of non-US items just like the euro, pound and yen held within the international trade reserves.
Gold reserves elevated by USD 172 million to USD 35.421 billion in the course of the reporting week, the apex financial institution information confirmed.
The particular drawing rights (SDRs) with the Worldwide Financial Fund (IMF) rose by USD 9 million to USD 1.517 billion within the reporting week, it stated.
The nation’s reserve place with the IMF declined marginally to USD 5.001 billion within the reporting week, the information confirmed.
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