Close X
Tuesday, November 26, 2024
ADVT 
India

India's Forex Reserves Fall By $727 Million To $429.6 Billion

Darpan News Desk IANS, 02 Aug, 2019 09:18 PM

    The country's forex reserves decreased by $727 million to $429.649 billion for the week ended July 26, led by a decline in foreign currency assets, RBI data showed on Friday.


    The forex kitty had increased by $1.579 billion to a new lifetime high of $430.376 billion in the previous week ended July 19.


    In the reporting week, foreign currency assets, which are a major component of the overall reserves, fell by $1.734 billion to $399.357 billion, the central bank said.


    Expressed in dollar terms, foreign currency assets include the effect of appreciation/depreciation of non-US units like the euro, pound and yen held in the reserves. Gold reserves surged by $1.025 billion to $25.330 billion, according to the central bank data.


    Special drawing rights with the International Monetary Fund dipped $2.8 million to $1.444 billion. The country's reserve position with the fund also declined by $15.8 million to $3.534 billion, the apex bank said.

     

    MORE India ARTICLES

    Shatrughan Sinha 'Would Love To Interview' PM Modi But...

    General Elections 2019: Shatrughan Sinha recently severed his ties with the BJP and joined the Congress which has fielded him from the same seat.  

    Shatrughan Sinha 'Would Love To Interview' PM Modi But...

    Tum Se Na Ho Payega: Congress' Dig At BJP On Reports Of PM Modi's Press Meet

    Prime Minister Narendra Modi is scheduled to visit Varanasi on April 2 and 26 to file his nomination.

    Tum Se Na Ho Payega: Congress' Dig At BJP On Reports Of PM Modi's Press Meet

    Could Have Inflicted Heavy Damage On Pak If We Had ‘Tech Asymmetry’: IAF

    India carried out the air strike to avenge the Pulwama attack in which 40 CRPF personnel were killed.

    Could Have Inflicted Heavy Damage On Pak If We Had ‘Tech Asymmetry’: IAF

    Pakistan Accuses India Of Delaying Delegation-Level Talks On Kartarpur Corridor

    Pakistan on Thursday accused India of delaying the delegation-level talks to finalise the agreement to operationalise the Kartarpur corridor.

    Pakistan Accuses India Of Delaying Delegation-Level Talks On Kartarpur Corridor

    Women Can Apply To Join Other Ranks In Indian Army From Today

    Women Can Apply To Join Other Ranks In Indian Army From Today
    Months after Army chief Gen Bipin Rawat promised to allow women to be recruited as ‘jawans’–called other ranks in military parlance--in select non-combat streams, the process starts from Thursday.

    Women Can Apply To Join Other Ranks In Indian Army From Today

    Sukhpal Khaira Resigns As Bholath MLA

    AAP rebel MLA and Punjab Ekta Party leader Sukhpal Khaira on Thursday resigned from the state Assembly.

    Sukhpal Khaira Resigns As Bholath MLA