Rupee news-country’s forex reserves touched a new record-high of USD 386.539 billion

Mumbai, Jul 7 (PTI) The country’s forex reserves touched a new record-high of USD 386.539 billion after it rose by USD 4.007 billion in the week to June 30, due to an increase in foreign currency asse
Forex kitty at record-high of USD 386.53 bn

Mumbai, Jul 7 (PTI) The country’s forex reserves touched a new record-high of USD 386.539 billion after it rose by USD 4.007 billion in the week to June 30, due to an increase in foreign currency assets (FCAs), the RBI said.
In the previous week, the reserves had surged by USD 576.4 million to reach USD 382.53 billion.
FCAs, a major component of overall reserves, rose by USD 3.724 billion to USD 362.388 billion in the reporting week, the RBI data showed.

 

Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.
Gold reserves also increased by USD 252.8 million to USD 20.348 billion.
The special drawing rights with the International Monetary Fund (IMF) was up by USD 11.8 million to USD 1.479 billion.
The country’s reserve position with the IMF, too, rose by USD 18.9 million to USD 2.322 billion.

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