24-April-2024
Markets and Finance
 
Forex reserves surge by $3.91 billion to $588.02 billion
08-May-2021

The country’s foreign exchange reserves swelled by USD 3.913 billion to reach USD 588.02 billion in the week ended April 30, 2021, RBI data showed on Friday. In the previous week ended April 23, the reserves had risen by USD 1.701 billion to USD 584.107 billion. The forex kitty had touched a lifetime high of USD 590.185 billion in the week ended January 29, 2021. In the reporting week ended April 30, 2021, the rise in reserves was on account of an increase in foreign currency assets (FCAs), a major component of the overall reserves.

News Source:- https://www.financialexpress.com/economy/forex-reserves-surge-by-3-91-billion-to-588-02-billion/2248002/
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org