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India's Forex reserves surge by $1.25 bn
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SME Times News Bureau | 29 Apr, 2017
Country's foreign exchange (Forex) reserves rose by $1.25 billion as on April 21, 2017, official data showed on Friday.
According
to the Reserve Bank of India's weekly statistical supplement, the
overall Forex reserves increased to $371.13 billion from $369.88 billion
reported for the week ended April 14.
India's Forex reserves
comprise of foreign currency assets (FCAs), gold, 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 -- augmented by $1.23 billion to $347.48 billion during the
week under review.
Besides the US dollar, FCAs consist of nearly
20-30 per cent of major (non-US) global currencies. The FCAs also
include investments in US Treasury bonds, bonds of other selected
governments, deposits with foreign central and commercial banks.
The country's gold reserves were stagnant at $19.86 billion.
However,
SDRs' value gained $5 million to $1.45 billion. The country's reserve
position with the IMF inched higher by $7.7 million to $2.33 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
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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