The country's reserve position with the IMF increased by $160 million to $4.870 billion Unsplash.com
Finance

India's foreign exchange reserves rise by $2.563 billion

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.382 billion to $537.727 billion.

IANS

India's foreign exchange reserves rose by $2.563 billion during the week ended December 18.

According to the Reserve Bank of India's weekly statistical supplement, the reserves increased to $581.131 billion from $578.568 billion reported for the week ended December 11.

India's forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.382 billion to $537.727 billion.

Similarly, the value of the country's gold reserves increased by $1.008 billion to $37.020 billion.

Besides, the SDR value stood higher by $12 million at $1.515 billion.

In addition, the country's reserve position with the IMF increased by $160 million to $4.870 billion.

Help Us Create the Content You Love

Take Survey Now!

Enjoyed reading The Bridge Chronicle?
Your support motivates us to do better. Follow us on Facebook, Instagram, Twitter and Whatsapp to stay updated with the latest stories.
You can also read on the go with our Android and iOS mobile app.

Ravan Gang’s Plot Foiled in Pimpri-Chinchwad as Police Nab Nine

Meta Connect 2025: Mark Zuckerberg unveils new range of Meta's Ray-Ban AI glasses, set to launch on Sept 30

FC Goa falls to Al-Zawraa in AFC Champions League opener

Pune: Swargate Underpass to Remain Closed for Three Days for Repairs

Series levelled, as Smriti Mandhana's ton powers India to a historic victory

SCROLL FOR NEXT