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Forex reserves up by over $4 bn
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SME Times News Bureau | 16 Apr, 2021
India's foreign exchange reserves rose by $4.344 billion during the week ended April 9.
According
to the Reserve Bank of India's (RBI) weekly statistical supplement, the
reserves increased to $581.213 billion from $576.869 billion reported
for the week ended April 2.
India's forex reserves comprise
foreign currency assets (FCAs), gold reserves, special drawing rights
(SDRs), and the country's reserve position with the International
Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.017 billion to $539.455 billion.
Similarly, the value of the country's gold reserves gained by $1.297 billion to $35.320 billion.
The SDR value inched up by $6 million at $1.492 billion.
On the same note, the country's reserve position with the IMF inched higher by $24 million to $4.946 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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