India's Forex Reserves Hit All-Time High of USD 666.85 Billion
By Rediff Money Desk, Mumbai Jul 19, 2024 17:21
India's forex reserves surged to an all-time high of USD 666.85 billion in the week ended July 12, driven by a USD 9.70 billion increase, according to the RBI.
Mumbai, Jul 19 (PTI) India's forex reserves jumped by USD 9.699 billion to an all-time high of USD 666.854 billion for the week ended July 12, the RBI said on Friday.
In the previous reporting week, the kitty had increased by USD 5.158 billion to USD 657.155 billion, surpassing the previous high of USD 655.817 billion for the week ended June 7.
For the week ended July 12, foreign currency assets, a major component of the reserves, increased by USD 8.361 billion to USD 585.47 billion, the data released on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves increased by USD 1.231 billion to USD 58.663 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by USD 76 million to USD 18.111 billion, the apex bank said.
India's reserve position with the IMF was up by USD 32 million to USD 4.609 billion in the reporting week, the apex bank data showed.
In the previous reporting week, the kitty had increased by USD 5.158 billion to USD 657.155 billion, surpassing the previous high of USD 655.817 billion for the week ended June 7.
For the week ended July 12, foreign currency assets, a major component of the reserves, increased by USD 8.361 billion to USD 585.47 billion, the data released on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves increased by USD 1.231 billion to USD 58.663 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by USD 76 million to USD 18.111 billion, the apex bank said.
India's reserve position with the IMF was up by USD 32 million to USD 4.609 billion in the reporting week, the apex bank data showed.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.66 (+ 4.76)
- 32896927
- Vodafone Idea L
- 8.45 (+ 4.06)
- 28557277
- Standard Capital
- 1.14 (+ 0.88)
- 17361276
- Alstone Textiles
- 0.83 (+ 5.06)
- 14796552
- AvanceTechnologies
- 0.89 (+ 4.71)
- 10049569
MORE NEWS
Puri Slams Kharge's 'Lies' & 'Fake...
Oil Minister Hardeep Singh Puri refutes Congress president Mallikarjun Kharge's claims,...
SBI Appoints Debasish Mishra as CGM, New Delhi...
State Bank of India appoints Debasish Mishra as Chief General Manager of its New Delhi...
ACI Appoints SGK Kishore as APAC, Middle East...
SGK Kishore, a GMR Group executive, has been appointed President of ACI-APAC & MID,...