In the previous week, the reserves had zoomed by USD 799 million to USD 381.955 billion.
The country’s Forex reserves surged by USD 576.4 million to touch a new life-time high of USD 382.53 billion in the week to June 23, helped by a rise in foreign currency assets (FCAs), the RBI said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
FCAs, a major component of overall reserves, rose by USD 580.2 million to USD 358.664 billion in the reporting week, the central said.Expressed in terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.Gold reserves remained unchanged at USD 20.095 billion.The special drawing rights with the International Monetary Fund (IMF) dipped by USD 1.5 million to USD 1.467 billion.The country’s reserve position with the IMF too declined by USD 2.3 million to USD 2.303 billion.
as mentioned in
Forex reserves at fresh life-time over of $382.53 billion
Get instant notifications from Economic TimesAllowNot nowYou can switch off notifications anytime using browser settings.
Never miss a great news story!
as mentioned in
Forex Market Review (European Session) – Dollar on course for worst quarter in 7 years; loonie at 10-month highFacebook Google Plus TweetToday’s European session was a rather busy one in terms of data releases.
The dollar edged higher relative to the yen upon data release, eventually reaching a daily high of 112.24.
Versus the dollar, the loonie gained upon data release.
Euro/dollar did not move much upon data release.
The measure, which is down 4.8% over the quarter, is on track for its worst quarter in seven years.
collected by :kiven Dixter