Forex reserves rose $ 456 million to $ 454.95 billion

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Mumbai, Ta. 28 December 2019, Saturday

The Foreign Exchange Reserve of India (forex reserve) has risen by $ 1.8 million to a new record high of $ 1.8 billion in the week ended December 3, according to the Reserve Bank of India data.

In the previous week, the reserve had dropped by $ 8 billion to $ 8 billion.

The forex reserve growth in the week ended December 2 was mainly due to the increase in foreign currency assets. The RBI said on Friday that it had raised $ 1.5 million to $ 8.5 billion, according to data released by the Reserve Bank of India on Friday.

Foreign currency asset by dollar which includes the addition or depreciation of the value of currencies such as the euro, pound and yen, apart from the US dollar. Gold and gold reserves have risen to $ 1.8 billion this week, to $ 1.8 billion.

The International Monetary Fund's special drawing rights decreased by $ 1 million to $ 1.8 billion. The reserve position in the country's fund has dropped by 3 lakh cords to $ 1.8 billion.

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