Mumbai: Forex reserves rose by a modest $650 million to touch $289.461 billion, for the week ended September 12, due to changes in the value of foreign currencies.
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In the earlier week, forex reserves had declined by a whopping $6.498 billion to touch $288.811 billion.
According to the Reserve Bank of India’s Weekly Statistical Supplement, for the week under review, foreign currency assets increased by $676 million to touch $280.302 billion. Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in reserves.
Rupee trims losses as stocks rebound
The euro was weak against the dollar in the period under consideration.
Forex reserves at $295.309 b on Aug. 29
Gold reserves and SDRs were unchanged at $8.692 billion and $4 million respectively.
More India business stories
The reserve position in the IMF fell by $26 million to touch $463 million in the week under review.
More India business stories
In the earlier week, forex reserves had declined by a whopping $6.498 billion to touch $288.811 billion.
According to the Reserve Bank of India’s Weekly Statistical Supplement, for the week under review, foreign currency assets increased by $676 million to touch $280.302 billion. Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in reserves.
Rupee trims losses as stocks rebound
The euro was weak against the dollar in the period under consideration.
Forex reserves at $295.309 b on Aug. 29
Gold reserves and SDRs were unchanged at $8.692 billion and $4 million respectively.
More India business stories
The reserve position in the IMF fell by $26 million to touch $463 million in the week under review.
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