Saturday 30 December 2017

India's Forex Reserves Rise By $3.53 BN

India's foreign exchange (Forex) reserves rose by $3.53 billion as on December 22, 2017, official data showed on Friday. The Reserve Bank of India's (RBI) weekly statistical supplement showed that the overall Forex reserves rose to $404.92 billion from $401.38 billion reported for the week ended December 15.

India's Forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and the RBI's position with the International Monetary Fund (IMF).

Segment-wise, FCAs the largest component of the Forex reserves  increased by $3.77 billion to $380.68 billion during the week under review.

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