Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

India's foreign exchange reserves down by $915.8 million to $399.6 billion

Press Trust of India/Mumbai 12 Oct 18 | 09:25 PM

Representative image

The country's foreign exchange reserves declined by $ 915.8 million to $ 399.609 billion in the week to October 5 on account of a fall in foreign currency assets, according to RBI data.

Related Stories

    No Related Stories Found
Widgets Magazine

In the previous week, the reserves had declined by $ 1.265 billion to $ 400.52 billion.

In the reporting week, foreign currency assets, a major component of the overall reserves, decreased by $ 1.011 billion to $ 375.231 billion, as per the RBI data.

Expressed in US dollar terms, foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen held in the reserves.

ALSO READ: Forex reserves down by $1.26 billion to $400.52 billion: RBI data

Forex reserves had touched a record high of $ 426.028 billion in the week to April 13, 2018, but have been declining since then.

Gold reserves rose by $ 107.3 million to $ 20.450 billion in the reporting week.

ALSO READ: Forex reserves slip below $400-bn mark for first time in over a year: RBI

The special drawing rights with the International Monetary Fund (IMF) declined by $ 4.3 million to $ 1.466 billion.

The country's reserve position with the IMF also dipped by $ 7.2 million to $ 2.460 billion, the apex bank said.

Widgets Magazine

Sensex

Company Price Gain (%)
Sun Pharma.Inds.608.402.52
Kotak Mah. Bank1,199.551.83
Vedanta211.151.51
Hind. Unilever1,579.201.16
ITC288.450.73

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine