Home / Financial News / Forex reserves up $1.97 bn to $313.83 bn

Forex reserves up $1.97 bn to $313.83 bn

The foreign exchange reserves rose by $ 1.97 billion to $ 313.83 billion in the week ended May 9, on higher currency assets.

Previous week, the total reserves rose by $ 1.94 billion to $ 311.86 billion.

Foreign currency assets (FCAs), a major part of the overall reserves, increased by $ 1.978 billion to $ 286.549 billion in the period, RBI said.

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

The gold reserves remained unchanged at $ 20.965 billion, as per the RBI data.

The special drawing rights declined by $ 3.6 million to $ 4.476 billion, and the country’s reserve position with the IMF dipped $ 1.7 million to $ 1.838 billion in the period, the RBI weekly data showed.

Leave a Reply

x

Check Also

Debate on Article 370 marked by posturing, says RSS

The Rashtriya Swayamsevak Sangh (RSS) is recalibrating its discourse on its demand ...

Street cautiously positive on JSPL post coal mine

Jindal Steel and Power (JSPL), which witnessed its lowest point in the ...