• Sunday, July 25, 2021
India Corona Update 
Total Fatalities 419,470
Total Cases 31,293,062
Today's Fatalities 483
Today's Cases 35,342
Pakistan Corona Update 
Total Fatalities 418,480
Total Cases 31,216,337
Today's Fatalities 3,998
Today's Cases 42,015
Sri Lanka Corona Update 
Total Fatalities 418,480
Total Cases 31,216,337
Today's Fatalities 3,998
Today's Cases 42,015
Bangladesh Corona Update 
Total Fatalities 418,480
Total Cases 31,216,337
Today's Fatalities 3,998
Today's Cases 42,015
UK Corona Update 
Total Fatalities 418,480
Total Cases 31,216,337
Today's Fatalities 3,998
Today's Cases 42,015
India corona update 
Total Fatalities 419,470
Total Cases 31,293,062
Today's Fatalities 483
Today's Cases 35,342

Business

India has forex reserves worth $479.57 billion

By: PramodThomas

OWING to an increase in foreign currency assets, India’s forex reserves has surged by $3.09 billion to $479.57 billion in the week ending April 17, Reserve Bank of India has said.

The reserves had increased by $1.81 billion to $476.47 billion a week ago.

The reserves had touched a life-time high of $487.23 billion in the week to March 6, after it rose by $5.69 billion, says RBI data.

In this financial  year,the country’s foreign exchange reserves had risen by almost $62 billion.

In the week ended April 17, foreign currency assets (FCA), a major component of the overall reserves, rose $1.55 billion to $441.88 billion.

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 gold reserves increased $1.54 billion to $32.68 billion in the reporting week, the RBI data showed.

Special drawing rights with the International Monetary Fund (IMF) were up by $3 million to $1.43 billion.

The country’s reserve position with the IMF remained stable at $3.58 billion during the period, the data showed.

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