Forex reserves touch USD 421.5 billion

Posted by Daily Shipping Times on 19-03-2018        Tweet

MUMBAI: Forex reserves rose by USD 728.9 million to USD 421.5 billion during the week ended 9 March 2018. Foreign currency assets, the largest component, rose by USD 689.1 million to USD 396.3 billion. In addition, SDR rose by USD 5.6 million to USD 1.5 billion and India’s reserve position at IMF also increased by USD 7.7 million to USD 2.1 billion. Similarly, gold reserves increased by USD 26.5 million to USD 21.6 billion.a