Country's foreign exchange reserves swells to life high of USD 394.55 billion
PrintListen to this Article
0:00
0:00
The country's foreign exchange reserves swelled by USD 1.148 billion to a new lifetime high of USD 394.55 billion for the week ended August 25 on the back of a healthy rise in core currency assets.
RBI data showed the foreign currency assets (FCAs), a major component of the overall reserves, increased by USD 1.142 billion to USD 370.833 billion for the week under review.Gold reserves remained unchanged at USD 19.943 billion.
The special drawing rights with the International Monetary Fund (IMF) increased by USD 2.3 million to USD 1.499 billion, the apex bank said.The country's reserve position with the IMF also rose by USD 3.6 million to USD 2.273 billion, it said.
However,the total reserves had declined by a marginal USD 211.1 million to USD 393.401 billion in the previous reporting week. # Casansaar (Source-newsonAir).
Category : Finance | Comments : 0 | Hits : 470
Today, Finance Minister Nirmala Sitharaman presented the 16th Finance Commission report in the Lok Sabha, outlining recommendations for the devolution of tax revenues between the Centre and the states...
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the Terms of Reference for the Sixteenth Finance Commission. The Terms of Reference for the Sixteenth Finance Comm...
Also Read -
Finance Act, 2023 – Assented by President
Finance Act, 2023 received the assent of the President on the 31st March, 2023. Finance Bill, 2023 receives President's assent on Mar 31, 2023 and now its Finance Act, 2023. The Financ...
Comments