Forex reserves at new life-time high of $430.57 billion – Times of India

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Highlights

  • Expressed in dollar terms, international forex resources include the enact of appreciation/depreciation of non-US units like the euro, pound and yen held in the reserves
  • In the old reporting week ended on August 2, the reserves had declined by $697.2 million to $428.952 billion

(Representative image) (Consultant image)

MUMBAI: India’s international alternate reserves surged by $1.620 billion to $430.572 billion in the week to August 9 on upward push in international forex resources, per one of the vital up-to-date RBI facts released on Friday.

In the old reporting week ended on August 2, the reserves had declined by $697.2 million to $428.952 billion.

In the reporting week, international forex resources, a vital ingredient of the total reserves, elevated by $15.2 million to $398.739 billion, the apex bank acknowledged on Friday.


Expressed in dollar terms, international forex resources include the enact of appreciation/depreciation of non-US units like the euro, pound and yen held in the reserves.


The nation’s gold reserves surged by $1.591 billion to $26.754 billion, per facts.


Special drawing rights with the World Monetary Fund were up by $6.7 million to $1.441 billion.


The nation’s reserve blueprint with the fund rose by $7 million to $3.636 billion.


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