India’s foreign exchange reserves rise to $582 bn

HomeForex News

India’s foreign exchange reserves rise to $582 bn

MUMBAI: The nation's overseas change (foreign exchange) kitty rose $233 million to $582.271 billion within the week to March 19, the Reserve Financ


MUMBAI: The nation’s overseas change (foreign exchange) kitty rose $233 million to $582.271 billion within the week to March 19, the Reserve Financial institution of India (RBI) stated on Friday.

The general reserves had risen $1.74 billion to $582.04 billion within the earlier reporting week.

The rise within the total reserves in the course of the reporting week was largely on account of a swelling of the overseas foreign money belongings, which rose $157 million to $541.18 billion.

Expressed in greenback phrases, the overseas foreign money belongings embrace the impact of appreciation or depreciation of non-US items just like the euro, pound and yen held within the overseas change reserves.

Worth of the gold reserves elevated for the second consecutive week, and was up $80 million to $34.63 billion within the reporting week, the RBI knowledge confirmed.

The particular drawing rights (SDRs) with the Worldwide Financial Fund (IMF) fell by $2 million to $1.5 billion within the reporting week.

The nation’s reserve place with the IMF additionally declined by $1 million to $4.96 billion within the reporting week, the information confirmed.



economictimes.indiatimes.com