Mumbai, March 13 (SocialNews.XYZ) India's foreign exchange reserves made healthy gains of $5.69 billion during the week ended March 6.
According to the RBI's weekly statistical supplement, the overall forex reserves, which are already at a record high, increased to $487.23 billion from $481.54 billion reported for the week ended February 28.
India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, rose by $5.31 billion to $451.13 billion.
Similarly, the value of the country's gold reserves rose. It increased by $320 million to $31 billion.
The SDR value inched-up by $15 million to $1.44 billion, while the country's reserve position with the IMF gained by $50 million to $3.65 billion.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
