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Budget 2021

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Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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Foreign exchange reserves reach life-time high of $466.69 bn

In the reporting week, the increase in reserves was mainly on account of a rise in foreign currency assets, a major component of the overall reserves, which rose by $4.470 billion to $432.919 billion, the RBI data released on Friday showed.

January 31, 2020 / 07:43 PM IST

The country's foreign exchange reserves reached a life-time high of $466.693 billion after a massive $4.535 billion spike in the week to January 24, according to the Reserve Bank of India data. In the previous week, the reserves had increased by $943 million to $462.16 billion.

In the reporting week, the increase in reserves was mainly on account of a rise in foreign currency assets, a major component of the overall reserves, which rose by $4.470 billion to $432.919 billion, the RBI data released on Friday showed.

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

In the reporting week, gold reserves increased by $153 million to $28.715 billion.

The special drawing rights with the International Monetary Fund (IMF) were by $3 million to $1.45 billion. he country's reserve position with the IMF declined by $85 million to $3.615 billion, the data showed.
PTI
first published: Jan 31, 2020 07:30 pm

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