Mumbai, Feb 7 (IANS) India's foreign exchange reserves edged-higher during the week ended January 31 to touch a new record high. The RBI's reserves rose by $4.60 billion during the week under review, official data showed on Friday. According to the RBI's weekly statistical supplement, the overall forex reserves increased to $471.30 billion from $466.69 billion reported for the week ended January 24. India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF). On a weekly basis, FCAs, the largest component of the forex reserves, rose by $4.32 billion to $437.24 billion, while the value of the country's gold reserves increased by $282 million to $28.99 billion. However, the SDR value inched lower by $4 million to $1.43 billion.
India's forex reserves rises by $4.60 bn
WASHINGTON, Sept. 18, 2019 (Xinhua) -- Photo taken on Sept. 18, 2019 shows U.S. dollar banknotes in Washington D.C., the United States. U.S. Federal Reserve on Wednesday lowered interest rates by 25 basis points amid growing risks and uncertainties stemming from trade tensions and a global economic slowdown, following a rate cut in July that was its first in more a decade. (Xinhua/Liu Jie/IANS)
