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Forex reserves rise by USD 1.38 billion
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SME Times News Bureau | 30 Jun, 2014
Country's foreign exchange (forex) reserves rose by USD 1.38 billion to USD 314.92 billion for the week ended June 20, led by a sharp jump in overseas currency assets, the Reserve Bank of India (RBI) data showed.
The reserves had increased by USD 950.9 million to USD 313.53 billion for the week ended June 13.
According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, jumped by USD 1.37 billion to USD 287.96 billion.
The foreign currency assets had grown by USD 958.5 million to USD 286.58 billion for the week ended June 13.
The RBI said that the foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies held in reserve such as the pound sterling, euro and yen.
India's reserve position with the International Monetary Fund (IMF) grew by USD 1.5 million to USD 1.71 billion.
The value of special drawing rights (SDRs) rose by USD 4.1 million to USD 4.45 billion.
However, the value of gold reserves remained unchanged at USD 20.79 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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