NDTV Profit
Home | Forex |

Forex reserves up $157 million at $292.24 billion as of January 24

After a massive drop the previous week, the forex reserves improved marginally by $157.3 million to $292.239 billion for the week ended January 24, on the back of a rise in the core currency assets, data from the Reserve Bank of India showed.
EMAIL
COMMENTS
Mumbai:

After a massive drop the previous week, the forex reserves improved marginally by $157.3 million to $292.239 billion for the week ended January 24, on the back of a rise in the core currency assets, data from the Reserve Bank of India showed.

In the previous week, the reserves had plunged by $1.2 billion to $292.08 billion while in the week before that the reserves rose $179 million. In week ending January 10, the total reserves had dipped by $2.599 billion to $293.11 billion.

Foreign currency assets, which form a major part of the overall reserves, rose marginally by $117.3 million to $266.05 billion for the reporting period, the RBI said.

Foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in reserves.

During the week under review, the gold reserves were unchanged at $19.724 billion.

Special drawing rights gained by $27.6 million to $44.55 billion, while the country's reserve position with IMF declined $12.4 million to $2.06 billion, the apex bank noted.



For latest news on Business, like us on Facebook and follow us on Twitter.
ALSO READ Akash Ambani Bats For Blockchain Technology That Runs Cryptocurrencies

Advertisement

GAINERS / LOSERS

Advertisement