The News Scroll 06 December 2019  Last Updated at 11:20 pm | Source: IANS

India''s forex reserves rise to over $451 bn

India''s forex reserves rise to over $451 bn
India''s forex reserves rise to over $451 bn

Mumbai, Dec 6 (IANS) India''s foreign exchange reserves rose by $2.48 billion during the week ended November 29, official data showed on Friday.

According to the Reserve Bank of India''s weekly statistical supplement, the overall forex reserves increased to $451.08 billion from $448.59 billion reported for the week ended November 22.

India''s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India''s reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $2.64 billion at $419.36 billion.

However, the RBI''s weekly data showed that the value of the country''s gold reserves went down by $148 million to $26.64 billion.

Similarly, the SDR value inched down by $4 million to $1.43 billion, while, the country''s reserve position with the IMF declined by $6 million to $3.62 billion.



Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: IANS
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