• Deccan Chronicle
  • Andhra Bhoomi
  • Asian Age
  • ePaper
  •  Auto Refresh
Home

ePaper
Last Updated:08:16 PM IST | Friday, Dec 13, 2019
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Menu
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Home > Companies > First time in a month, forex reserves fall by USD 1.11 billion
Companies
First time in a month, forex reserves fall by USD 1.11 billion
By  
PTI   , Published : Jul 20, 2019, 9:46 am IST | Updated : Jul 20, 2019, 9:46 am IST

The country's reserve position with the fund also declined by USD 1.5 million to USD 3.345 billion.

In the previous reporting week, the reserves had surged by USD 2.236 billion to scale a new life-time high of USD 429.911 billion. (Photo: PTI)
In the previous reporting week, the reserves had surged by USD 2.236 billion to scale a new life-time high of USD 429.911 billion. (Photo: PTI)

Mumbai: After touching record highs, the foreign exchange reserves declined by USD 1.113 billion to USD 428.797 billion in the week to July 12 - the first fall after four consecutive weeks of gains - due to a fall in foreign currency assets, show the latest weekly RBI data.

In the previous reporting week, the reserves had surged by USD 2.236 billion to scale a new life-time high of USD 429.911 billion.

In the reporting week, foreign currency assets, which are a major component of the overall reserves, slipped by USD 1.11 billion to USD 399.697 billion, the central bank said Friday.

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.

Despite ongoing massive rally in gold prices, the country's gold reserves remained unchanged at USD 24.304 billion, according to the central bank data.

Special drawing rights with the International Monetary Fund fell by USD 1.2 million to USD 1.450 billion. The country's reserve position with the fund also declined by USD 1.5 million to USD 3.345 billion.

end-of
Tags: 
foreign exchange reserves, rbi, investment
Location: 
India, Maharashtra, Mumbai (Bombay)
Latest From Companies
According to reports, Vodafone Idea may raise over USD 2.5 billion from asset sales ahead of a January deadline to pay statutory dues. The company is said to be in talks to sell its optic fibre business to Brookfield Asset Management Inc and its datacentre to the Edelweiss Group.

Vodafone Idea shares gain over 8 pc amid asset sale plan

Efforts are also being undertaken to increase our exports to emerging markets of Africa, Latin America through PTAs/FTAs (preferential/free trade agreements),

Efforts being made to boost exports: Minister

Yes Bank hasn't issued the so-called no objection certificate as it's seeking assurances on repayments of other loans taken by Coffee Day, said the people, asking not to be identified as the information isn't public. All other creditors have approved the transaction, the people said.

Coffee Day’s tech park sale stalls over Yes Bank nod

Most Popular

Mukesh Ambani 9th richest on Forbes' real-time billionaires list
Top credit card myths harmful for your financial well-being
Microsoft CEO Satya Nadella tops Fortune's Businessperson of the Year 2019
Employment growth slowed down in last two years: report
GST structure: key challenges and its solutions

Editor's Picks

Income tax e-filers drop by over 6.6 lakh in FY19: Official data
Swiping on your smartphone reveals a lot about you to your social media company
  • Read Financial Chronicle as it appears in print.
  • Subscribe, and get it delivered in the inbox everyday.
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
  • Home
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Guidelines
  • Copyright © 2019 Financial Chronicle, All rights reserved
Developed & Maintained By Daksham