Dismiss Notice
Welcome to IDF- Indian Defence Forum , register for free to join this friendly community of defence enthusiastic from around the world. Make your opinion heard and appreciated.

Forex reserves up $4.4 billion at $295.7 billion as of December 6: RBI

Discussion in 'World Economy' started by Soumya, Dec 14, 2013.

Thread Status:
Not open for further replies.
  1. Soumya

    Soumya Major STAR MEMBER

    Joined:
    Jun 10, 2013
    Messages:
    3,438
    Likes Received:
    1,814
    Mumbai: Growing for a fifth consecutive week, India's forex reserves added $4.41 billion to $295.71 billion in the week ended December 6 on account of a rise in foreign currency assets, the Reserve Bank of India said (RBI) on Friday.

    Last week, the reserves recorded the single biggest weekly gain since October 2011 surging by a whopping $5.04 billion to $291.3 billion.

    Foreign currency assets (FCAs), which form a major part of the overall reserves, jumped by $5.019 billion to $268.755 billion for the week under review, the apex bank said.

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

    During the week under review, the gold reserves dropped by $624.2 million to $20.603 billion, while the special drawing rights rose by $8.9 million to $4.442 billion.

    India's reserve position with the IMF rose by $3.8 million to $1.909 billion during the period, the RBI data showed.

    Forex reserves up $4.4 billion at $295.7 billion as of December 6: RBI - NDTVProfit.com
     
    2 people like this.
  2. Anees

    Anees Lt. Colonel ELITE MEMBER

    Joined:
    Jan 14, 2012
    Messages:
    5,694
    Likes Received:
    3,268
    Country Flag:
    United States
    But still our currency is weak .. i dont understand this maths....:hmm::dude:
     
Thread Status:
Not open for further replies.

Share This Page