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Saturday, July 01, 2017

India's Forex reserves at record high of $ 3,82,500 Crore on June 23, 2017 ..!


By on Saturday, July 01, 2017

India's Forex reserves at record high of $ 3,82,500 Crore on June 23, 2017 ..!

India's forex reserves surged by $ 576.4 million to touch a new life-time high of $ 38,253 Crore ( $382.53 billion) in the week to June 23, 2017 helped by a rise in foreign currency assets (FCAs), the RBI said.

In the previous week, the reserves had zoomed by $799 million to $381.955 billion.

FCAs, a major component of overall reserves, rose by $580.2 million to $358.664 billion in the reporting week, the central bank said.
Gold reserves remained unchanged at $20.095 billion.

The special drawing rights with the International Monetary Fund (IMF) dipped by $1.5 million to $1.467 billion.


India’s reserve position with the IMF, too, declined by $2.3 million to $2.303 billion.

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