close
This ad will auto close in 10 seconds

Forex reserve at record high of $365.82 billion

Country's forex exchange reserves surged by USD 73.2 million to touch a life-time high of USD 365.82 billion in the week to August 12, helped by increase in foreign currency assets, the Reserve Bank said today.


Forex reserve at record high of $365.82 billion

Mumbai: Country's forex exchange reserves surged by USD 73.2 million to touch a life-time high of USD 365.82 billion in the week to August 12, helped by increase in foreign currency assets, the Reserve Bank said today.

In the previous week, the reserves had increased by USD 253.6 million to touch USD 365.75 billion.

Foreign currency assets (FCAs), a major component of the overall reserves increased by USD 81.6 million to USD 340.36 billion.

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

Gold reserves remain unchanged at USD 21.58 billion.

The country's special drawing rights with International Monetary Fund declined by USD 3.2 million to USD 1.49 billion, while the reserve position was down by USD 5.2 million to USD 2.39 billion, RBI said.

From Zee News

0 Comment - Join the Discussions