SME Times is powered by   
Search News
Just in:   • India's industrial production registers 1.2 per cent growth in May  • Govt committed to building safe and smart energy future: Minister  • Sanchez defends Spain's defence budget in response to Trump's threats  • Iran says no agreement made to resume US talks  • India’s engineering goods exports to US rose 4.6 pc in May despite tariff turmoil 
Last updated: 16 Aug, 2022  

Dollar.Investment.9.Thmb.jpg Foreign exchange reserves fall $897mn to $572.98bn

Dollar.Investment.9.jpg
   Top Stories
» India's industrial production registers 1.2 per cent growth in May
» Govt committed to building safe and smart energy future: Minister
» QCOs benefit MSMEs by enhancing product quality, consumer satisfaction: Piyush Goyal
» Stock market opens higher as Trump indicates ‘great’ trade deal with India
» Make GIFT IFSC more competitive to attract foreign investments: FM Sitharaman
IANS | 16 Aug, 2022
India's foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India's (RBI) bulletin weekly statistical supplement.

The fall was witnessed after it rose during the week ending July 29 after falling for the four consecutive weeks earlier.

The fall in this week has witnessed due to decline in foreign currency assets by $1.611 billion to $509.646 billion.

Foreign Currency Assets (FCA) that is the most important component of the RBI's foreign exchange reserve are the assets like US Treasury Bills bought by the RBI using foreign currencies.

The FCA is the largest component of the forex reserve.

Meanwhile, however, gold reserves increased $671 million to $40.313 billion in the week ended August 5.

The Special Drawing Rights (SDRs) rose $46 million to $18.031 billion.

The country's reserve position with the IMF declined $3 million to $4.987 billion in the reporting week, the data showed.
 
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
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter