Comments
India’s foreign exchange (forex) reserves rose $3.16 billion in the week ended December 19 to $319.99 billion. In the full year, the country’s forex reserves have risen by $24.49 billion, thereby making the country’s external position relatively more stable now as compared to the end of the last year.
Foreign currency assets (FCAs), which form a bulk of the total reserves, rose $3.31 billion in the reporting week. For the full year, FCAs were up $27.20 billion.
During the week gold reserves remained unchanged at $18.98 billion.
Special Drawing Rights (SDRs) and the country’s reserve position in the International Monetary Fund (IMF) fell by $29.2 million and $117.6 million, respectively during the latest reporting week.
For the full year, gold reserves have come down by $1.61 billion, while SDRs and the country’s reserve position in the IMF have dropped by $232.5 million and $856.9 million, respectively.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.