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Foreign exchange reserves cross $82 billion
Mumbai, June 21: After witnessing a dip in inflows in the previous week, the upswing for India`s foreign exchange reserves continued as they touched a new record high by crossing $82 billion during the week ended June 13.
Mumbai, June 21: After witnessing a dip in inflows in the previous week, the upswing for India's foreign exchange reserves continued as they touched a new record high by crossing $82 billion during the week ended June 13.
The country's foreign exchange reserves increased by $749 million at $82,421 million in the period under review, according to the Reserve Bank of India's weekly statistical supplement issued here today.
Foreign currency assets also rose by $749 million to $78,747 million, it said.
Analysts said the rise is mainly due to fresh inflows and revaluation of non-US currencies, including the Euro, against the US dollar.
Foreign currency assets also rose by $749 million to $78,747 million, it said.
Analysts said the rise is mainly due to fresh inflows and revaluation of non-US currencies, including the Euro, against the US dollar.
In the week ended June 6, the foreign exchange reserves had increased by only $343 million.
RBI said gold reserves and special drawing rights remained unchanged at $3,673 million and $1 million.
Bureau Report