Friday, Jul 01, 2022 | Last Update : 04:46 AM IST

  Business   Economy  27 Jan 2018  Foreign exchange reserves scale new high of USD 414.784 billion

Foreign exchange reserves scale new high of USD 414.784 billion

ANI
Published : Jan 27, 2018, 11:21 am IST
Updated : Jan 27, 2018, 11:21 am IST

As per data issued by RBI, reserves saw a spike of USD 959.1 million during aforementioned time period.

Meanwhile, the central bank noted that in the reporting week, foreign currency assets rose by USD 934.6 million to USD 390.768 billion.
 Meanwhile, the central bank noted that in the reporting week, foreign currency assets rose by USD 934.6 million to USD 390.768 billion.

New Delhi: Foreign exchange reserves continued rallying for the fourth week with a new high of USD 414.784 billion USD in the week to January 19, attributable to a rise in foreign currency assets.

As per data issued by the Reserve Bank of India (RBI), reserves saw a spike of USD 959.1 million during the aforementioned time period.

Prior to this, the reserves in the previous week had touched USD 413.825 billion, following a USD 2.7 billion rise.

Meanwhile, the central bank noted that in the reporting week, foreign currency assets rose by USD 934.6 million to USD 390.768 billion.

On a related note, the foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves.

Tags: foreign exchange reserves, rbi, foreign currency assets
Location: India, Delhi, New Delhi