Forex reserves reaches $394 bn

Posted by Daily Shipping Times on 21-08-2017        Tweet

MUMBAI: The Country's foreign exchange reserves rose by USD 163.8 million to touch a new life-time high of USD 393.612 billion in the week ended August 11, helped by rise in foreign currency assets (FCAs), the Reserve Bank data showed.

In the previous week, the reserves had increased by USD 581.1 million to USD 394 billion.  FCAs, a major portion of the overall reserves, rose by USD 175.6 million to USD 369.899 billion, the data showed. The gold reserves remained unchanged at USD 19.943 billion.

The special drawing rights with the International Monetary Fund (IMF) declined by USD 5.8 million to USD 1.498 billion.