Forex Reserve Surge

Forex reserves rise to reach a lifetime high by USD 582 million

The country’s foreign exchange reserves rose by USD 582 million to reach a lifetime high of USD 542.013 billion in the week ended September 4. 

In the reporting week, the foreign currency assets, a major component of the overall reserves, increased by USD 269 million to USD 498.362 billion.

The gold reserves rose by USD 321 million in the reporting week to USD 37.521 billion. The special drawing rights with the International Monetary Fund marginally increased by USD 2 million to USD 1.482 billion.

The country’s reserve position with the IMF declined by USD 9 million to USD 4.647 billion during the reporting week.

Published by Naresh Sagar

Mentor MSME, Motivator, Media Event Org, Management fiscal & Water management.Social Media branding,Internet broadcasters,Propunder of Indian Philosophy

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