• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Invest Now master your money
Moneycontrol

Home » News » Economy

Jan 13, 2017, 09.54 PM | Source: PTI

Forex kitty down $1.14 bn to USD359 bn on dip in gold reserves

A huge fall in gold reserves led to a USD 1.14 billion dip in the country's forex reserves to USD 359.155 billion for the week ended January 7, the Reserve Bank said today.

Like this story, share it with millions of investors on M3

Forex kitty down $1.14 bn to USD359 bn on dip in gold reserves

A huge fall in gold reserves led to a USD 1.14 billion dip in the country's forex reserves to USD 359.155 billion for the week ended January 7, the Reserve Bank said today.

Post Your Comments

Share Cancel

Forex kitty down $1.14 bn to USD359 bn on dip in gold reserves
A huge fall in gold reserves led to a USD 1.14 billion dip in the country's forex reserves to USD 359.155 billion for the week ended January 7, the Reserve Bank said today.

Total reserves had risen by USD 625.5 million to USD USD 360.296 billion in the previous reporting week.

After remaining unchanged for several weeks, the gold reserves dipped by USD 1.398 billion to USD 18.584 billion at the end of the reporting week, the central bank said.

Foreign currency assets (FCAs), the biggest component of the overall reserves, increased by USD 241.8 million to USD 336.824 billion in the reporting week.

FCAs, expressed in US dollar terms, include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen held in the reserves.

The overall forex reserves had touched a life-time high of USD 371.99 billion in the week to September 30, 2016.

The special drawing rights with the International Monetary Fund rose by USD 5.7 million to USD 1.438 billion, while India's reserve position with the IMF, too, increased by USD 9.4 million to USD 2.308 billion, RBI said.

Buy, Hold, Sell ? Hear it first on M3
Forex kitty down $1.14 bn to USD359 bn on dip in gold reserves

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login