Mumbai:<\/b>\u00a0India\u2019s foreign exchange reserves (forex) expanded by $1.217 billion to touch a life-time high of $426.082 billion in the week to 13 April, due to surge in foreign currency assets, the Reserve Bank of India (RBI) said on Friday.<\/p>\n
In the previous week, forex reserves had increased by $503.6 million to $424.864 billion. It had crossed the $400-billion mark for the first time in the week to 8 September 2017, but have since been fluctuating.<\/p>\n
In the reporting week, the foreign currency assets, a major component of the overall reserves, increased by $1.202 billion to $400.978 billion. Expressed in the US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves.<\/p>\n
Gold reserves remained unchanged at $ 21.484 billion in the reporting week, RBI said. The special drawing rights with the International Monetary Fund (IMF) increased by $6.6 million to $1.540 billion. The country\u2019s reserve position with the IMF also rose by $8.9 million to $2.079 billion, RBI said.<\/p>\n
Source: Live Mint<\/p>\n \n","protected":false},"excerpt":{"rendered":"
India\u2019s forex reserves expanded by $1.217 billion to 426.082 billion in the week to 13 April, Reserve Bank of India (RBI) has said.The Reserve Bank of India. India\u2019s forex reserves crossed the $400-billion mark for the first time in the week to 8 September 2017, but have since been fluctuating.<\/p>\n","protected":false},"author":1,"featured_media":2376,"comment_status":"open","ping_status":"closed","template":"","tags":[35,135,40],"news-category":[29,134,50],"class_list":["post-2985","news","type-news","status-publish","has-post-thumbnail","hentry","tag-economy","tag-forex-reserves","tag-rbi","news-category-economy","news-category-forex-reserves","news-category-rbi"],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news\/2985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2985"}],"version-history":[{"count":0,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news\/2985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/media\/2376"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2985"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2985"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fnews-category&post=2985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}