Close X
Monday, October 7, 2024
ADVT 
India

India's Forex Reserves Touch Record High At $345 Billion

Darpan News Desk IANS, 01 May, 2015 11:29 AM
    India's foreign exchange reserves rose $1.4 billion in the week ended April 24 to touch $344.6 billion, creating a new record, the Reserve Bank of India said on Friday.
     
    The rise in exchange reserves was mainly on account of a $1.4 billion jump in the foreign currency assets (FCAs) which stood at $320 billion, data released by the RBI showed.
     
    The forex reserves in the previous week had increased by $2.788 billion to $343.2 billion.
     
    Foreign exchange reserves have increased by close to $25 billion since January as overseas investors poured in dollars in the local debt and equities market buoyed the hope of economic revival.
     
    The country's gold reserves remained stable at $19.03 billion in the week in question.
     
    The special drawing rights (SDRs) with the International Monetary Fund were marginally up by $0.2 million to $4 billion, while the country's reserve position with the IMF remained stable at $1.29 billion.
     
    Meanwhile, expressing concerns over the volatility of the rupee, Finance Minister Arun Jaitley said on Friday that India's currency has remained stable against the US dollar in the last few months mainly because of the forex reserves.
     
    "Indias forex reserves and laws to avert flight of curency have supported the rupee," he said at the foundation day celebrations here of the Enforcement Directorate.

    MORE India ARTICLES

    'India's Decision To Recriminalise Homosexuality A Backward Move'

    'India's Decision To Recriminalise Homosexuality A Backward Move'
    Of the six novels Welsh author Sarah Waters has written, five have lesbian couples as protagonists and for someone who has championed gay rights through her writings, she was extremely disappointed, like several others, with the Supreme Court's 2013 order recriminalising homosexuality.

    'India's Decision To Recriminalise Homosexuality A Backward Move'

    Kiran Bedi Has Two Voter Id Cards

    Kiran Bedi Has Two Voter Id Cards
    A scrutiny of the electoral rolls on the website of Delhi's Chief Electoral Officer showed that Bedi has voter ID cards from two addresses -- 2 Kothi, near Talkatora Stadium, Talkatora Lane, and 56, Uday Park.

    Kiran Bedi Has Two Voter Id Cards

    Obama's India Visit: From 'Natural Partner' To 'Best Partner'

    Obama's India Visit: From 'Natural Partner' To 'Best Partner'
    India and the US saw the forging of a closer partnership, helped in great measure by the personal and visible bonding between Prime Minister Narendra Modi and President Barack Obama, as the two sides elevated their ties with a new 'Declaration of Friendship' and also managed to pull off a "breakthrough" agreement on their stalled civil nuclear deal.

    Obama's India Visit: From 'Natural Partner' To 'Best Partner'

    Rahul Gandhi Hits Delhi Campaign Trail, Attacks Modi For Promoting His 'PR'

    Rahul Gandhi Hits Delhi Campaign Trail, Attacks Modi For Promoting His 'PR'
    Congress vice president Rahul Gandhi Tuesday sought to strengthen the party's campaign for the Delhi assembly polls through a road show where he accused Prime Minster Narendra Modi of promoting his "PR" (public relations).

    Rahul Gandhi Hits Delhi Campaign Trail, Attacks Modi For Promoting His 'PR'

    Congress rattled by Obama's successful visit: BJP

    Congress rattled by Obama's successful visit: BJP
    The BJP Tuesday said the Congress was "cut off from the reality of changes" and "rattled by the successful visit" of US President Barack Obama, following criticism of Prime Minister Narendra Modi that he was busy doing his own "PR" (public relations) and not anything concrete.

    Congress rattled by Obama's successful visit: BJP

    Will Bring Jan Lokpal, Says Arvind Kejriwal

    Will Bring Jan Lokpal, Says Arvind Kejriwal
    Aam Aadmi Party chief Arvind Kejriwal Tuesday said his party was still committed to bring anti-graft Jan Lokpal legislation in the capital.

    Will Bring Jan Lokpal, Says Arvind Kejriwal