By Lalit Garg The definition of ideal leadership is, “Taking everyone together, decision-making ability, right solution to the problem, equality of words, faith in people, foresight, participation in public grief, imagination and creativity.” If that is so then, the Parliament of India has made it worthwhile by unanimously passing the bill to cut the salaries […]
Mumbai, Feb 22 (IANS) India’s foreign exchange (forex) reserves increased by $1.45 billion to $293.78 billion for the week ended Feb 14, Reserve Bank of India (RBI) data showed.
The foreign exchange reserves had increased by $1.26 billion to $292.33 billion for the week ended Feb 7.
According to the RBI’s weekly statistical supplement foreign currency assets, the biggest component of the forex reserves, grew by $1.41 billion to $267.24 billion.
The foreign currency assets had grown $1.26 billion to $265.83 billion for the previous week.
RBI said that the foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies held in reserve such as the pound sterling, euro and yen.
The value of special drawing rights (SDRs) gained by $30.5 million to $4.45 billion during the week under review. India’s reserve position with the International Monetary Fund (IMF) grew by $13.5 million to $2 billion.