By Priyanka Saurabh On the birthday of Modi Ji, when the whole nation is celebrating happiness, instead of highlighting the merits of our Prime Minister, who emerged as the educated youth unemployed youth leader of Haryana, he was seen agitating in black clothes all day on social media all day. Wearing black clothes, the youth […]
Mumbai, Feb 1 (IANS) India’s foreign exchange (forex) reserves increased by $157.3 million to $292.23 billion for the week ended Jan 24, Reserve Bank of India (RBI) data showed.
The foreign exchange reserves had decreased by $1.20 billion to $292.08 billion for the week ended Jan 17
According to the RBI’s weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, grew by $117.3 million to $266.05 billion.The foreign currency assets had fallen by $1.20 billion to $265.93 billion in 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) increased by $27.6 million to $4.45 billion during the week under review. India’s reserve position with the International Monetary Fund (IMF) grew by $12.4 million to $2.00 billion.
The value of India’s gold reserves remained stagnant at $19.72 billion.