Sunday, March 16, 2025 | 03:20 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Forex reserves rise by $2.7 bn to $396 bn, highest weekly gain in a year

Foreign currency assets rose by $2.2 billion to $370 billion during the week under review

Forex reserves rise by $2.7 bn to $396 bn, highest weekly gain in a year
Premium

Nikhat Parvez Hetavkar
India's foreign exchange (forex) reserves rose by nearly $2.7 billion as on January 4, 2019, according to data released by the Reserve Bank of India on Friday. This is the highest weekly gain since February 2018.

The total forex reserves was $396 billion against $393 billion reported for the week ended January 4. Foreign currency assets rose by $2.2 billion to $370 billion during the week under review.

The country's gold reserves rose by $465 million to $21.6 billion. However, the value of special drawing rights declined slightly to $1.46 billion while India’s reserve position with the International Monetary Fund also fell

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in