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Forex reserves rise to over $461 bn
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SME Times News Bureau | 11 Jan, 2020
India's foreign exchange reserves continued to rise during the week ended January 3 to touch a new record high.
The Reserve Bank of India's reserves rose by $3.68 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 $461.15 billion from $457.46 billion reported for the week
ended December 27.
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, edged higher by $3.01 billion to $427.94 billion.
Similarly, the RBI's weekly data showed that the value of the country's gold reserves rose by $666 million to $28.05 billion.
The
SDR value inched higher by $7 million to $1.44 billion, while the
country's reserve position with the IMF increased by $3 million to $3.70
billion.
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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 |
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