Mumbai, Sep 11 (SocialNews.XYZ) India's foreign exchange reserves rose by $582 million during the week ended September 4.
According to the Reserve Bank of India's weekly statistical supplement, the reserves increased to $542.013 billion from $541.431 billion reported for the week ended August 28.
India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $269 million to $498.362 billion.
Similarly, the value of the country's gold reserves increased. It rose by $321 million to $37.521 billion.
The SDR value inched up by $2 million to $1.482 billion.
However, the country's reserve position with the IMF decreased by $9 million to $4.647 billion.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz