CrackitToday App

India’s Forex Reserves : Update

Kumari Sonali

India’s Forex Reserves : Update

India’s forex kitty jumps by USD 816 mln to USD 653.71 bln

  • India’s forex reserves witnessed an increase of USD 816 million, reaching USD 653.711 billion for the week ending June 21, according to the Reserve Bank of India (RBI).

Components of Forex Reserves:

  • Foreign Currency Assets (FCA): it is the major component of India’s forex reserves.
    • It has decreased by USD 106 million to USD 574.134 billion.
    • FCA expressed in dollar terms reflects the effect of appreciation or depreciation of non-US currencies like the euro, pound, and yen.
  • Gold Reserves: it has increased by USD 988 million. Total gold reserves stood at USD 956 billion during the week.
  • Special Drawing Rights (SDRs): it decreased by USD 57 million. SDRs totaled USD049 billion.
  • India’s Reserve Position with the IMF: Decreased by USD 9 million.
  • The reserve position was USD 4.572 billion.

...Read more on our test console

...Read these too

  • India’s Forex Reserves : Data

    India’s Forex Reserves: India’s foreign exchange (forex) reserves declined for the seventh consecutive week. Forex or foreign exchange reserves are assets held by the central bank in foreign currencies as…

  • Forex Reserves

    Forex Reserves: Reserve Bank of India (RBI), India’s forex reserves have fallen by USD 110 billion in the last 13 months. Current Scenario: India’s forex reserves have fallen by USD…

  • Forex Reserves

    Forex Reserves: According to the recent data from the Reserve Bank of India, India’s Foreign Exchange (Forex) Reserves surged by $ 5 billion to $ 609 billion in the week…