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India's foreign reserves up USD 60.5 mn
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SME Times News Bureau | 06 Sep, 2014
Country's foreign exchange reserves grew by USD 60.5 million to USD 318.64 billion due to an increase in the currency assets for the week ended Aug 29, Reserve Bank of India (RBI) data showed Friday.
The reserves had declined by USD 810.7 million to USD 318.57 billion for the week ended Aug 22.
According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, increased by USD 75 million at USD 291.39 billion in the week under review.
The foreign currency assets had plunged by USD 783 million to USD 291.31 billion for the previous week.
The RBI said 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) slipped by USD 4.00 million to USD 1.68 billion.
The value of special drawing rights (SDRs) was down by USD 10.5 million at USD 4.38 billion.
However, the value of gold reserves remained static at USD 21.17 billion. The bullion had increased by USD 538.9 million at USD 21.17 billion in the previous week.
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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
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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