Forex reserves at fresh life-time high of $382.53 bn

Source: The Hitavada      Date: 01 Jul 2017 10:31:40









June 30,


THE country’s forex reserves surged by USD 576.4 million to touch a new life-time high of USD 382.53 billion in the week to June 23, helped by a rise in foreign currency assets (FCAs), the RBI said. FCAs, a major component of overall reserves, rose by USD 580.2 million to USD 358.664 billion in the reporting week, the central bank said.

Gold reserves remained unchanged at USD 20.095 billion. The special drawing rights with the International Monetary Fund (IMF) dipped by USD 1.5 million to USD 1.467 billion. The country’s reserve position with the IMF too declined by USD 2.3 million to USD 2.303 billion.