Jacksonville Indian Community - JacksonvilleIndian.com
| | | | | | | | | | | |
 


 

India's forex reserves rise by over $1.27 bn to $506.8bn

Maharashtra,Business/Economy

Author : Indo Asian News Service

Business/Economy, India, Maharashtra Read Latest News and Articles

Share With Your Friends



Add an Article

View All Contributions

Add To My Favorite

Add A Picture

Mumbai, July 3 (IANS) India's foreign exchange reserves increased by $1.272 billion during the week ended June 26 to $506.838 billion from $505.566 billion reported for the week ended June 19, the RBI's weekly statistical supplement said.

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and India's reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $565 million to $467.603 billion.

Similarly, the value of the country's gold reserves increased by $7.07 million to $33.523 billion.

However, the SDR value slipped by $3 million to $1.444 billion.

Nevertheless, the country's reserve position with the IMF inched up by $3 million to $4.267 billion.

--IANS

rv/sn/tsb


Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.


Latest News

View More News


More News Articles

IPL 2024: Mumbai Indians bat first against Rajasthan Royals in Hardik Pandya's 100th game

Allu Arjun, Jackie Shroff call for environmental conservation on Earth Day

IPL 2024: Mitchell Marsh to miss remainder of season due to hamstring injury

IPL 2024: Conversation with Kohli helped me during the bad phase, says RR's Riyan Parag

IPL 2024: Virat Kohli fined 50 percent match fee for dissent after dismissal in KKR match