Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Forex kitty continues to swells, scales past $451-bn-mark.

Date: 07-12-2019
Subject: Forex kitty continues to swells, scales past $451-bn-mark
Foreign exchange reserves gained $2.484 billion to touch a new high of $451.08 billion in the week to November 29, according to the weekly data released by the Reserve Bank on December 6.

In the previous week, the reserves had increased by $347 million to $448.6 billion.

Announcing the fifth bi-monthly monetary policy on Thursday, governor Shaktikanta Das had said the reserves touched $451.7 billion as of December 3, an increase of $38.8 billion since April.

In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which rose by $2.642 million to $419.367 billion, according to the data.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in forex reserves.

However, during the reporting week, gold reserves declined by $148 million to $26.648 billion.

The special drawing rights with the International Monetary Fund also slipped by $4 million to $1.436 billion during the week.

The country's reserve position with the International Monetary Fund also came down by $6 million to $3.629 billion, the data showed.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001