India's forex reserves rise by over $2 bn


Mumbai, Oct 15 (IANS): India's foreign exchange reserves rose by $2.039 billion during the week ended October 8.

The Reserve Bank of India's (RBI) forex reserves rose to $639.516 billion from $637.477 billion reported for the week ended October 1.

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.550 billion to $577.001 billion.

Similarly, the value of the country's gold reserves rose by $464 million to $38.022 billion.

However, SDR value fell by $28 million to $19.268 billion.

The country's reserve position with the IMF also fell by $3 million to $5.225 billion.

  

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Comment on this article

  • Veer, Nagpur

    Fri, Oct 15 2021

    If you compare dollar to rupee exchange before 2014 it would be much more compared today’s exchange rate.

    DisAgree Agree [1] Reply Report Abuse

  • Veer, Nagpur

    Fri, Oct 15 2021

    Still not any where close to all time high levels before 2014.

    DisAgree [9] Agree [2] Reply Report Abuse

  • Evans C Sumitra, Udupi/New York, USA.

    Fri, Oct 15 2021

    Veer, Nagpur, You said it right. There is no doubt about it.

    DisAgree [4] Agree [1] Reply Report Abuse

  • Raj, Manipal

    Fri, Oct 15 2021

    Dear Veer Bhai High level in what sense???? I checked in Google .... before 2014 the forex reserves were not more than 300 Billion and Now it's 600+ billion.. I know you hate the current Govt, it's ok... It's your choice. But I am happy for India. I don't mind whichever Govt, if it's some positive news for India,it's Good. Invest now for better India. Jai Hind.

    DisAgree Agree [6] Reply Report Abuse

  • Deshbhakt, Mangalore

    Fri, Oct 15 2021

    Result of excessive exporting. Bhakts, please don't mind - India is a top exporter of one meat product which also is part of forex reserves.

    DisAgree [6] Agree [4] Reply Report Abuse


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