Mumbai, Oct 15 (SocialNews.XYZ) India's foreign exchange reserves rose by $2.039 billion during the week ended October 8.
The Reserve Bank of India's (RBI) forex reserves rose to $639.516 billion from $637.477 billion reported for the week ended October 1.
India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.550 billion to $577.001 billion.
Similarly, the value of the country's gold reserves rose by $464 million to $38.022 billion.
However, SDR value fell by $28 million to $19.268 billion.
The country's reserve position with the IMF also fell by $3 million to $5.225 billion.
Source: IANS
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
This website uses cookies.
