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  Rashtriya Sahara Roznama Sahara
India's forex reserves rise by over $3 billion
Last Updated : 26 Sep 2020 06:09:37 AM IST
file Photo
file Photo

 

India's foreign exchange reserves rose by $3.378 billion during the week ended September 18.

According to the Reserve Bank of India's weekly statistical supplement, the reserves increased to $545.038 billion from $541.660 billion reported for the week ended September 11.
 
forex reserves ' title=' forex reserves '>forex reserves ' title='India's forex reserves ' title=' forex reserves '>forex reserves '>India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF).
 
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.943 billion to $501.464 billion.
 
However, the value of the country's gold reserves decreased, declining by $580 million to $37.440 billion.
 
The SDR value inched up by $1 million to $1.483 billion.
 
Similarly, the country's reserve position with the IMF increased. It gained $14 million to $4.651 billion.
 



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