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India's Forex reserves drop by over $152 mn
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SME Times News Bureau | 23 Mar, 2018
India's foreign exchange (Forex) reserves dropped by $152.4 million as on March 16, official data showed on Friday. The
Reserve Bank of India's (RBI) weekly statistical supplement showed that
the overall Forex reserves dropped to $421.33 billion from $421.48
billion reported for the week ended March 9. India's Forex
reserves comprise of foreign currency assets (FCAs), gold reserves,
special drawing rights (SDRs) and the RBI's position with the
International Monetary Fund (IMF). Segment-wise, FCAs -- the
largest component of the Forex reserves -- decreased by $175.2 million
to $396.15 billion during the week under review. Besides the US
dollar, FCAs consist of nearly 20-30 per cent of major global
currencies. It also includes investments in US Treasury bonds, bonds of
other selected governments and deposits with foreign central and
commercial banks. However, the country's gold reserves value rose by $13.2 million to $21.56 billion. Similarly,
the SDRs value increased. It inched up by $4.1 million to $1.53
billion, while the country's reserve position with the IMF edged-up by
$5.5 million to $2.07 billion.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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