Saturday, 22 April 2017

India`s Forex reserves surge by $889 mn >> Get Two Days Free Trials

India's foreign exchange (Forex) reserves rose by $889.4 million as on April 14, 2017, official data showed on Friday. According to the Reserve Bank of India's weekly statistical supplement, the overall Forex reserves increased to $369.88 billion from $368.99 billion reported for the week ended April 7. India's Forex reserves comprise of foreign currency assets (FCAs), gold, special drawing rights (SDRs) and the RBI's position with the International Monetary Fund (IMF). Segment-wise, FCAs -- the largest component of the Forex reserves -- augmented by $881 million to $346.24 billion during the week under review.

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