Forex reserves rise by $3.37 bn to record high of $545.03 bn

Forex reserves rise by $3.37 bn to record high of $545.03 bn
In the previous week ended 9/11 , the reserves had declined by $353 million to $541.660 billion.

Forex reserves, exchange reserves, currency assets, Indian economy, Indian express news

During the reporting week, the forex kitty rose mainly thanks to a rise in foreign currency assets (FCA), a serious component of the general reserves.
The country’s exchange reserves increased by $3.378 billion to the touch a life-time high of $545.038 billion within the week ended September 18, the Federal Reserve Bank of India (RBI) data showed.

In the previous week ended 9/11 , the reserves had declined by $353 million to $541.660 billion.

During the reporting week, the forex kitty rose mainly thanks to a rise in foreign currency assets (FCA), a serious component of the general reserves.
FCAs swelled by $3.943 billion to $501.464 billion within the reporting week, the financial institution data showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units just like the euro, pound and yen held within the exchange reserves.

Gold reserves were down by $580 million within the reporting week to $37.440 billion.

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