Forex reserves had risen by USD 1.46 billion to touch USD 277.72 billion for the week ended on October 4.

According to the Reserve Bank of India (RBI) Weekly Statistical Supplement, India's Foreign Currency Assets (FCA), the biggest component of the forex reserves, increased by USD 1.52 billion to USD 250.85 billion for the week under review.

RBI said the FCA expressed in US dollar terms included the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen.

The FCA had increased by USD 1.40 billion to USD 249.32 billion for the week ended October 4.

The value of India's gold reserves remained the same. The reserves had increased by USD 41.3 million and stood at USD 21.76 billion during the week ended October 4.

However, India's reserve position with the International Monetary Fund (IMF) declined by USD 4.7 million to USD 2.19 billion and the value of the Special Drawing Rights (SDRs) fell by USD 9.6 million to USD 4.43 billion.

For the week ended October 4, the country's reserve with IMF had risen by USD 7.2 million to USD 2.19 billion and the value of the SDRs increased by USD 14.7 million to USD 4.43 billion.

(Agencies)

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India's forex reserves USD 1.5 billion

 

Mumbai: India's foreign exchange (forex) reserves gained USD 1.51 billion to touch USD 279.24 billion for the week ended October 11, official data showed.

Forex reserves had risen by USD 1.46 billion to touch USD 277.72 billion for the week ended on October 4.

According to the Reserve Bank of India (RBI) Weekly Statistical Supplement, India's Foreign Currency Assets (FCA), the biggest component of the forex reserves, increased by USD 1.52 billion to USD 250.85 billion for the week under review. 

RBI said the FCA expressed in US dollar terms included the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen.

The FCA had increased by USD 1.40 billion to USD 249.32 billion for the week ended October 4. 

The value of India's gold reserves remained the same. The reserves had increased by USD 41.3 million and stood at USD 21.76 billion during the week ended October 4.

However, India's reserve position with the International Monetary Fund (IMF) declined by USD 4.7 million to USD 2.19 billion and the value of the Special Drawing Rights (SDRs) fell by USD 9.6 million to USD 4.43 billion. 

For the week ended October 4, the country's reserve with IMF had risen by USD 7.2 million to USD 2.19 billion and the value of the SDRs increased by USD 14.7 million to USD 4.43 billion.

 

Tags: India's foreign exchange (forex), India's Foreign Currency Assets (FCA), International Monetary Fund (IMF), Special Drawing Rights (SDRs)