Forex reserves reaches to USD 393.44 billion

India Infoline News Service | Mumbai | August 13, 2017 11:06 IST

The foreign exchange reserves of the country touched a new lifetime high of USD 393.44 billion, after rising by USD 581.10 million in the week to August 4 on the back  of increase in foreign currency assets (FCAs), as per RBI data released on Saturday.

Reserve Bank of India
The foreign exchange reserves of the country touched a new lifetime high of USD 393.44 billion, after rising by USD 581.10 million in the week to August 4 on the back  of increase in foreign currency assets (FCAs), as per RBI data released on Saturday.
 
In the last week, the reserves had soared by USD 1.53 billion to reach USD 392.86 billion. Foreign currency assets surged by USD 964.40 million to USD 369.72 billion, as per data.
 
The gold reserves dipped by USD 405.70 million to USD 19.94 billion after remaining stable form previous few weeks. The International Monetary Fund (IMF) rose by USD 8.90 million to USD 1.50 billion.
 
On the other hand, the country's reserve position with the IMF up by USD 13.50 million to USD 2.27 billion.
 
Foreign currency assets include the effect of appreciation or depreciation of non-US currencies such as the euro, the pound and the yen held in the reserves.

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