320-x-100_uti_gold.jpg" alt="Advertisement">
India's forex reserves rise to over $631.920 bn
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
India's foreign exchange reserves rose by $394 million during the week ended March 4.
The Reserve Bank of India's forex reserves rose to $631.920 billion from $631.527 billion reported for February 25.
The country's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $634 million to $565.466 billion. However, the value of the country's gold reserves decreased by $147 million to $42.320 billion.
The SDR value also declined by $59 million to $18.981 billion. In addition, the country's reserve position with the IMF slipped by $34 million to $5.153 billion.
Tag News
Monthly Debt Market Update, September 2023: CareEdge Ratings
