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Forex reserves down $1.7 billion
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SME Times News Bureau | 27 May, 2013
Country's foreign exchange (forex) reserves decreased by $1.72 billion to $291.96 billion for the week ended May 17, according to data released by the Reserve Bank of India.
The reserves had fallen by $616.4 million to $293.69 billion for the week ended May 10. The foreign currency assets (FCA) - the biggest component of the forex reserves - fell by $1.68 billion at $261.47 billion, the weekly statistical supplement of the central bank shows.
The FCA had fallen by $568.1 billion at $263.16 billion in the previous week. The central bank said FCA 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.
Gold reserves remained stagnant at $23.97 billion, the reserves had dipped heavily by 1.71 billion at $23.97 billion in the week ended May 3, 2013.
However, the special drawing rights (SDRs) decreased by $24 million to $4.30 billion during the week under review while reserves with the International Monetary Fund went down by $12.6 million to $2.21 billion.
The SDRs had fallen by $31.9 million to $4.32 billion during the previous week, while reserves with the IMF went down by $16.4 million to $2.22 billion.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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