Forex kitty rises $1 bil­lion

The Hindu Business Line - - BANKING - PTI

Af­ter mul­ti­ple weeks of de­cline, the coun­try’s for­eign ex­change re­serves swelled by $1.054 bil­lion to $393.132 bil­lion in the week to No­vem­ber 2, driven by a jump in for­eign cur­rency as­sets and gold hold­ings, RBI data showed on Fri­day. To­tal re­serves had dropped by $1.444 bil­lion to $392.078 bil­lion for the pre­vi­ous re­port­ing week. Af­ter a long gap, gold re­serves rose by $366.5 mil­lion to $20.888 bil­lion, ac­cord­ing to the lat­est RBI data. For the re­port­ing week, for­eign cur­rency as­sets rose $487.7 mil­lion to $368.138 bil­lion. The coun­try’s re­serve po­si­tion with the In­ter­na­tional Mone­tary Fund rose $192.2 mil­lion to $2.639 bil­lion.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.