Forex reserves rise by $4.36 billion to $693 billion 
News Updates

Forex reserves rise by $4.36 billion to $693 billion

India's forex reserves jumped by USD 4.368 billion to USD 693.318 billion during the week ended December 19, the Reserve Bank said on Friday

PTI

New Delhi: India's forex reserves jumped by USD 4.368 billion to USD 693.318 billion during the week ended December 19, the Reserve Bank said on Friday.

The overall kitty had increased by USD 1.689 billion to USD 688.949 billion in the previous week.

PSU Watch is now on Whatsapp Channels. Click here to join

For the week ended December 19, foreign currency assets, a major component of the reserves, increased by USD 1.641 billion to USD 559.428 billion, the data released by the central bank showed.

Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.

Value of the gold reserves increased by USD 2.623 billion to USD 110.365 billion during the week, the RBI said.

The Special Drawing Rights (SDRs) were up by USD 8 million to USD 18.744 billion.

India's reserve position with the IMF was up by USD 95 million to USD 4.782 billion in the week, according to the RBI data.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Trump dials Modi, both sides stress importance of 'open & secure' Strait of Hormuz

11 workers killed, 22 injured as boiler explodes at Vedanta power plant in Chhattisgarh

PFC arm incorporates 4 SPVs for transmission projects in Rajasthan, Karnataka

India’s Russian crude imports double in March, a report says

India projected to grow at 6.5 percent in FY'27: IMF