Forex reserves at record high of $457 bn on gain in foreign currency assets


PTI, Jan 4, 2020, 10:45 AM IST

Mumbai: The country’s foreign exchange reserves swelled by $2.520 billion to touch a record high of $457.468 billion in the week to December 27, according to RBI data.

In the previous week, the reserves rose to $454.948 billion after increasing by $456 million.

In the reporting week, the increase in reserves was mainly on account of a gain in foreign currency assets, a major component of the overall reserves, which surged by $2.203 billion to $424.936 billion, the data released by the Reserve Bank on Friday showed.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in the forex reserves.

During the week, gold reserves increased by $260 million to $27.392 billion.

The special drawing rights with the International Monetary Fund dipped by $2 million to $1.441 billion.

The country’s reserve position with the Fund, however, increased by $58 million to $3.7 billion, the data showed.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

No proposal for setting up 8th Pay Commission: Govt

Netaji’s kin detained, 4 arrested ahead of Varanasi event

Two Bangladeshi nationals arrested for propagating ‘Jihad’ in India: NIA

Jasprit Bumrah ruled out of Asia Cup with back injury

Body of BJP leader found hanging

7-year-old girl feared drowned after falling from footbridge, rescue ops on

40 and going strong: Sharath wins TT singles gold after 16 years


Related Articles More

Sebi proposes blue bonds concept for sustainable financing activities

Mukesh Ambani draws nil salary for second year in row

Vodafone Idea says industry needs tariff increases at regular intervals

BPCL posts net loss of Rs 6,291 crore in Q1

Musk countersuit accuses Twitter of fraud over ‘bot’ count

MUST WATCH

Tradition followed on full moon in aati

Water flow at Barehalla Check Dam near Shivamogga

Chikkamagaluru Byrati basavaraj angery against officer

Chikkamagaluru Municipal Council has followed Yogi’s model to prevent illegal cow slaughter

Electric lines passing near house at Dotihala


Latest Additions

No proposal for setting up 8th Pay Commission: Govt

Netaji’s kin detained, 4 arrested ahead of Varanasi event

UGC-NET phase 2 postponed, to be conducted between Sept 20 and 30

Har Ghar Tiranga: Aralagodu Gram Panchayat receives faulty tricolour

Two Bangladeshi nationals arrested for propagating ‘Jihad’ in India: NIA

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.