MUMBAI: India's foreign exchange reserves increased via $1.994 billion to $419.992 billion for the week ended May 24 on swelling up of the core foreign money belongings, the Reserve Bank said on Friday.
The general reserves had declined via $2.05 billion to $417.99 billion within the earlier reporting week. The reserves had touched an all-time prime of $426 billion in April 2018.
In the reporting week, foreign exchange belongings, which can be a big component of the whole reserves increased $1.991 billion to $392.188 billion, the apex bank said.
Expressed in dollar terms, foreign exchange belongings include the impact of appreciation or depreciation of non-US units just like the euro, pound and the yen held within the reserves.
Gold reserves remained unchanged at $23.021 billion, in line with the information.
The particular drawing rights with the International Monetary Fund increased $zero.8 million to $1.445 billion.
The nation's reserve position with the fund additionally increased $2 million to $three.336 billion.
The general reserves had declined via $2.05 billion to $417.99 billion within the earlier reporting week. The reserves had touched an all-time prime of $426 billion in April 2018.
In the reporting week, foreign exchange belongings, which can be a big component of the whole reserves increased $1.991 billion to $392.188 billion, the apex bank said.
Expressed in dollar terms, foreign exchange belongings include the impact of appreciation or depreciation of non-US units just like the euro, pound and the yen held within the reserves.
Gold reserves remained unchanged at $23.021 billion, in line with the information.
The particular drawing rights with the International Monetary Fund increased $zero.8 million to $1.445 billion.
The nation's reserve position with the fund additionally increased $2 million to $three.336 billion.
Forex reserves up by $1.99 bn to $419.99 bn
![Forex reserves up by $1.99 bn to $419.99 bn]()
Reviewed by Kailash
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June 01, 2019
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