Comments
Press Trust of India
Foreign exchange reserves continued the upward move, gaining by a modest $347 million to touch a new high of $448.6 billion in the week to November 22, according to the weekly data released by the RBI on Friday. In the previous week, the reserves had increased by $441 million to reach $448.249 billion.
The gain in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which rose by $254 million to $416.725 billion in the reporting week, the data showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units, such as the euro, pound and the yen held in forex reserves. During the reporting week, gold reserves increased marginally by $87 million to $26.796 billion. The special drawing rights with the IMF were up by $5 million to $1.44 billion during the week.
Comments
COMMENT NOW
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.