July 25, 2020 8:55 AM

India's Foreign exchange reserves touch all time high of 517.637 billion dollars

India's foreign exchange reserves surged by 1.275 billion dollars to reach a fresh life-time high of 517.637 billion dollars in the week ended 17th July, 2020.  Foreign currency assets, a major part of the overall reserves, increased by 1.245 billion dollars to 476.880 billion dollars. In the previous week, the reserves had swelled by 3.108 billion dollars to end at 516.362 billion dollars. Gold reserves also went up by 13 million dollars to end at 34.743 billion dollars. India&apos...

July 20, 2019 7:49 AM

India's forex reserves fall by USD 1.113 bn to USD 428.797 bn

India's foreign exchange reserves declined by USD 1.113 billion to USD 428.797 billion in the week to July 12 - the first fall after four consecutive weeks of gains - due to a fall in foreign currency assets. According to the latest weekly RBI data, foreign currency assets, which are a major component of the overall reserves, slipped by USD 1.11 billion to USD 399.697 billion. The central bank said that despite ongoing massive rally in gold prices, the country's gold reserves r...