: India’s forex reserves rise over billion #FinanceIndia #StockMarketNEWS #Business Indo-Asian News Service Mumbai India’s foreign exchange reserves rose by .198 billion during the week

@StockMarketNEWS Tue 15 Feb, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

India’s forex reserves rise over billion #FinanceIndia #StockMarketNEWS #Business
Indo-Asian News Service



Mumbai



India’s foreign exchange reserves rose by .198 billion during the week ended February 4.



The Reserve Bank of India’s forex reserves increased to 1.953 billion from 9.755 billion reported for January 28.



The country’s forex reserves comprises of foreign currency assets (FCAs), gold reserves, SDRs, and the country’s reserve position withthe IMF.



On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by .251 billion to 8.329 billion. However, the value of the country’s gold reserves decreased by 0 million to .283billion.



The SDR value rose by million to .108 billion and the country’s reserve positionwith the IMF increased by million to .233billion.
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