Forex Reserves Scale New High of $411.124 Billion


“}var y=””;$(“#main_score_strip_top”).html(y),set_score_slider_style()}else $(“#top_strip_cricket_widget”).html(“”),”undefined”!=typeof updateTopScoreWidgetNews18&&clearInterval(updateTopScoreWidgetNews18),console.log(“no live match in progress”)},error:function(e){console.log(“error in live score widget”),$(“#top_strip_cricket_widget”).html(“”)}})} function get_live_team_scores(e,s,i){var e=get_ipl_teams_short(e),t=s,i=i,a=””,r=a+e.toLowerCase()+”.png”,n=’‘,c=t.length;if(c>0){for(var o=1,v=””,l=0;c>l;l++){var m=t[l].scores,p=t[l].wickets,f=t[l].overs,g=t[l].active;if(1==g)var d=”“,_=”“;else d=””,_=””;if(2==o)var b=” & “;else var b=””;”test”==i?(v=v+””+b+d+m+”/”+p+_,o+=1):(v=v+””+d+m+”/”+p+”(“+f+”)”+_+b,o+=1)}var h=d+e+_;h=’


“}else h=””;return h} function convertToSlug(e){return e.replace(” (W)”,””).replace(” (C)”,””).toLowerCase().replace(/[^w ]+/g,””).replace(/ +/g,”-“)} function get_ipl_teams_short(a){var r=new Array;return r.Kolkata=”KKR”,r.KOL=”KKR”,r.MUM=”MI”,r.Mumbai=”MI”,r.HYD=”SRH”,r.Hyderabad=”SRH”,r.PUN=”RPS”,r.Punjab=”KXIP”,r.PNJ=”KXIP”,r.Bangalore=”RCB”,r.BLR=”RCB”,r.Delhi=”DD”,r.DEL=”DD”,r.Pune=”RPS”,r.Gujarat=”GL”,r.GUJ=”GL”,r.TBC=”TBC”,a in r?r[a]:a} var updateTopScoreWidgetNews18=setInterval(function(){news18_top_widget_live_scores() }, 20000);});

The reserves had crossed the $400-billion mark for the first time in the week to September 8, 2017 but had since been fluctuating.


Updated:January 12, 2018, 6:04 PM IST

Forex Reserves Scale New High of $411.124 Billion
Mumbai: Continuing rising trends, country’s foreign exchange reserves surged by $1.758 billion to mount a new record high of $411.124 billion in the week to January 5, the Reserve Bank said on Friday.

In the previous week, foreign exchange reserves had jumped by $4.444 billion to reach a fresh peak of $409.366 billion.

The reserves had crossed the $400-billion mark for the first time in the week to September 8, 2017 but had since been fluctuating.

The spike in reserves was due to a rise in foreign currency assets, a major component of the overall reserves.

In the reporting week, foreign currency assets rose by $2.045 billion to $387.149 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, the pound and the yen held in the reserves.

After remaining steady for the past few weeks, gold reserves declined marginally by $294.4 million to $20.421 billion, the central bank said.

The special drawing rights with the International Monetary Fund rose by $3.2 million to $1.514 billion.

The country’s reserve position with the Fund also rose by $4.2 million to $2.039 billion, the RBI said.

| Edited by: Ashish Yechury

Read full article


Source link

قالب وردپرس


five × 4 =