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Record inflows of USD two bn, foreign reserves cross 90 bn
Mumbai, Oct 18: With highest ever inflows in recent times of over US dollar 2 billion, India`s foreign exchange reserves zoomed past the USD 90 billion mark for the week ended October 10.
Mumbai, Oct 18: With highest ever inflows in recent times of over US dollar 2 billion, India's foreign exchange reserves zoomed past the USD 90 billion mark for the week ended October 10.
The reserves, the highest ever in recent times, of USD 90,353 million, has risen by USD 2,615 million mainly due to fresh inflows and depreciation of US dollar vis-a-vis other foreign currencies.
The Reserve Bank of India said in its weekly statistical supplement released here today that the country's foreign currency assets also spurted by USD 2,615 million at USD 86,430 million in the period under review.
The reserve tranche position with the International Monetary Fund saw a further addition of USD six million.
Gold reserves were static at USD 3,919 million while the special drawing rights remained unchanged at USD four million, the apex bank said.
Bureau Report
The Reserve Bank of India said in its weekly statistical supplement released here today that the country's foreign currency assets also spurted by USD 2,615 million at USD 86,430 million in the period under review.
The reserve tranche position with the International Monetary Fund saw a further addition of USD six million.
Gold reserves were static at USD 3,919 million while the special drawing rights remained unchanged at USD four million, the apex bank said.
Bureau Report