Business

India’s forex reserves down by $388 mn

Mumbai, Sep 28 (IANS) | Publish Date: 9/28/2019 11:11:45 AM IST

India’s foreign exchange reserves declined by $388 million during the week ended September 20, official data showed.

According to the Reserve Bank of India’s weekly statistical supplement, the overall forex reserves declined to $428.57 billion from $428.96 billion reported for the week ended September 13.

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, Foreign Currency Assets - the largest component of the forex reserves - edged lower by $125 million to $396.67 billion.

The Reserve Bank of India’s weekly data also showed that the value of the country’s gold reserves went down by $259 million to $26.84 billion, and the country’s reserve position with the IMF decreased by $6 million to $3.62 billion.

However, the Special Drawing Rights value rose by $3 million to $1.435 billion.

 

Launched on December 3,1990. Nagaland Post is the first and highest circulated newspaper of Nagaland state. Nagaland Post is also the first newspaper in Nagaland to be published in multi-colour.

Desk:+91-3862-248 489, e-mail: npdesk@gmail.com Fax: +91-3862-248 500
Advt.:+91-3862-248 267, e-mail:npostadvt@gmail.com

QUICK LINKS

SUNDAY POST

Join us on

© Nagaland Post 2018. All Rights are Reserved
Designed by : 4C Plus