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Indian Forex Reserves Shoot Up By $4.525 Billion To Touch Lifetime High Of $579.346 Billion.

Oct 6, 2020
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Indian Forex Reserves Shoot Up By $4.525 Billion To Touch Lifetime High Of $579.346 Billion.
by Swarajya Staff- Dec 12, 2020 02:35 PM

1607769187193.jpeg
RBI office in Mumbai. (Aniruddha Chowdhury/Mint via Getty Images)

India’s foreign exchange reserves jumped by around $4.525 billion during the week ending 4 December to reach a record high of over $579.346 billion, reports Livemint.

According to Reserve Bank of India (RBI)’s weekly statistical supplement, the reserves rose from $574.821 billion to reach lifetime high.

India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country’s reserve position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.932 billion to $537.386 billion.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.

The value of the country’s gold reserves increased by $535 million to $35.728 billion.
In addition to these, the nation's reserve position with the IMF also rose by $46 million to $4.725 billion, while India's special drawing rights with the IMF remained rose marginally by $12 million to $1.506 billion.

Source: https://swarajyamag.com/insta/india...lion-to-touch-lifetime-high-of-479346-billion

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Norwegian

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Indian Forex Reserves Shoot Up By $4.525 Billion To Touch Lifetime High Of $579.346 Billion.
by Swarajya Staff- Dec 12, 2020 02:35 PM

View attachment 695497 RBI office in Mumbai. (Aniruddha Chowdhury/Mint via Getty Images)

India’s foreign exchange reserves jumped by around $4.525 billion during the week ending 4 December to reach a record high of over $579.346 billion, reports Livemint.

According to Reserve Bank of India (RBI)’s weekly statistical supplement, the reserves rose from $574.821 billion to reach lifetime high.

India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country’s reserve position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.932 billion to $537.386 billion.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.

The value of the country’s gold reserves increased by $535 million to $35.728 billion.
In addition to these, the nation's reserve position with the IMF also rose by $46 million to $4.725 billion, while India's special drawing rights with the IMF remained rose marginally by $12 million to $1.506 billion.

Source: https://swarajyamag.com/insta/india...lion-to-touch-lifetime-high-of-479346-billion

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Good job India
 
Oct 6, 2020
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Good job India
Its because of reduction in Oil purchase by GoI and the increasing cost of Petrol and Diesel in India has made people buy less oil. Instead the government is encouraging walking and cycling to save fuel and stay fit under Fit India week.

Our ForEx will overtake Russia’s in 2 weeks and because of less spending on Oil. Russia is an oil exporting country severely hit by the pandemic.
 

Capt. Karnage

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It will touch 1 trillion dollars in an year or two. But that's pointless as feku is destroying the economy and and causing massive unemployment with this whole corona drama.
 

Riz

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Meanwhile external debit surged life time high 552 billions dollar.. Another world record set by professional beggars
 
Oct 6, 2020
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Can't wait to see it happen.

:lol:
We aim of being a 10 Trillion dollar economy by 2030, what are you aiming for? I know this video is cringe and made by some fanboy but how’s it related to this thread?
Meanwhile external debit surged life time high 552 billions dollar.. Another world record set by professional beggars
Our Forex is more than our debt and most of it is sovereign and internal debt not foreign debt but you guys have an external debt of 113 billion dollars which is almost 6 times of your forex, so better run after your country.
 

shanlung

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We aim of being a 10 Trillion dollar economy by 2030, what are you aiming for? I know this video is cringe and made by some fanboy but how’s it related to this thread?

Our Forex is more than our debt and most of it is sovereign and internal debt not foreign debt but you guys have an external debt of 113 billion dollars which is almost 6 times of your forex, so better run after your country.

:omghaha: :omghaha::omghaha:

You angry at your own Indian report made by Indians?

:D :D:D

:enjoy::enjoy::enjoy:

Go take it up with the producer of that video

:rofl::rofl::rofl:
 

shanlung

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What business is it of you pakistanis?
:pleasantry: :pleasantry::pleasantry:

Why are you so touchy?

And I am not pakistani by the way.
You can easily check that by the postings I did on cats and chess and other topics in the members club. :D :D:D


I am so concerned about India :D:D:D

From my human heart and regard for fellow men. :enjoy: :enjoy: :enjoy:
 

shanlung

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Don't you think you should rather be concerned about your own pakistan :D
:D :D :D

I am concerned for people all over the world.

That include Pakistan and America as I do have many American friends. :D:D:D

I just do not have any Murican friends.

Perhaps you can introduce to me your Murican friends :pleasantry::pleasantry::pleasantry:
 

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