India’s FOREX stocks picked up to another life-time peak at $338.079 billion (US) which is an increase of $3.886 billion during the last week of February because of higher FX assets. Before this period, reserves have increased by $1.023 billion to $334.193 billion, according to figures presented by the Reserve Bank of India.
FOREX assets, which serve as primary component of total reserves, went up by $3.902 billion to $12.200 billion.
These assets are shown in dollar terms and take in the outcome of appreciation as well of depreciation for non-US currencies. These include the common currency, UK pound sterling and Japanese yen.
India’s gold reserves have not moved at $20.183 billion for this week.
On the other hand, special drawing rights plunged by $11.4 million to $4.065 billion while the country’s reserve stand with the International Monetary Fund also decreased by $4.6 million to $1.630 billion for the given period.
The rate of special drawing rights was reduced by $11.4 million during the week at $4.06 billion.
Meanwhile, gold reserves during the week ending February remained stagnant at $20.18 billion. Reserves went up by $805.3 million or $20.18 billion during the first week of last month
No comments:
Post a Comment