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BREAKING NEWS

India s Forex reserves inches-up by over $67 mn

27 Jul 2018
Mumbai July 27 (IANS) India s foreign exchange (Forex) reserves inched-up by $67.7 million during the week ended July 20 official data showed on Friday.
According to the Reserve Bank of India s (RBI) weekly statistical supplement the overall forex reserves inched-up to $405.14 billion from $405.08 billion reported for the week ended July 13.
India s forex reserves comprise of foreign currency assets (FCAs) gold reserves special drawing rights (SDRs) and the RBI s position with the International Monetary Fund (IMF).
Segment-wise FCAs -- the largest component of the Forex reserves -- rose by $46.8 million to $380.04 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies.
As per the data the value of the country s gold reserves increased by $24.9 million to $21.14 billion.
The SDRs value inched down by $1.8 million to $1.48 billion while the country s reserve position with the IMF slipped by $2.2 million to $2.47 billion.

--IANS rv/vd