SME Times is powered by   
Search News
Just in:   • Banks to recycle inward currency notes only after 48 hours on corona threat  • China's Shenzhen city bans eating of cats, dogs  • British Airways expected to suspend 36,000 staff  • Wall Street tumbles amid deepening coronavirus fears  • COVID-19: LinkedIn offers free job postings for critical roles 
Last updated: 15 Feb, 2020  

Dollar.Investment.9.Thmb.jpg Forex reserves rise to $473 bn

Dollar.Investment.9.jpg
   Top Stories
» Markets tank 1,200 pts on Corona crisis
» Indian IT sector set to face hardship
» Startups hit as investors get extra cautious
» Feb core sectors output up by 5.5 pc
» Developing nations to lose $800 bn in export revenue in 2020
SME Times News Bureau | 14 Feb, 2020
India's foreign exchange reserves continued to rise during the week ended February 7 to touch a new record high.

The RBI's reserves rose by $1.70 billion during the week under review, official data showed on Friday.

According to the RBI's weekly statistical supplement, the overall forex reserves increased to $473 billion from $471.30 billion reported for the week ended January 31.

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, rose by $1.93 billion to $439.18 billion.

However, the value of the country's gold reserves declined by $218 million to $28.77 billion.

Similarly, the SDR value inched lower. It slipped by $2 million to $1.43 billion, while the country's reserve position with the IMF fell by $16 million to $3.59 billion.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 02 Apr, 2020
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» China's forex reserves reach USD 2.85 trillion(4)
» Package for SMEs, others on cards, indicate Sitharaman(1)
» Private banks, NBFCs to continue EMIs, if not informed(1)
» The big bang RBI stimulus(1)
» Appoint distributors, expand your business(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter