Small BusinessForex reserves up $684 mn to $285 bn
India"s foreign exchange reserves rose by $684 million for the week ended October 23 to $285.520 billion from $284.836 billion in the previous week.
- Capital inflows lessen external sector blues - Forex reserves up by $1.52 bn to $281.86 bn - Dena Bank opens corporate business branch - Fema to apply to reverse overseas M&As, says RBI - Forex reserves fall to $280.770 bn - Govt not in favour of dual listing
Foreign Currency Assets (FCAs), during the period, grew to $268.348 billion as against $267.898 billion in the week ago, the Reserve Bank of India (RBI) said in its weekly report today.
FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling, Yen held in reserves, the RBI said.
Gold reserves, during the week, stood unchanged at $10.316 billion, while the Special Drawing Rights (SDRs) stood marginally up at $5.267 billion from $5.250 billion in the previous week, the central bank said.
India"s reserve position in the International Monetary Fund grew to $1.589 billion from $1.372 billion in the week-ago, the RBI said.