Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The reserves increased by $2.84 billion during the week,
following a total rise of $19.3 billion over the previous five weeks.
The rise in reserves was driven by the Reserve Bank of India’s interventions in
the forex market and inflows into local stocks and bonds.
Foreign Currency Assets (FCA): The largest component of forex reserves,
foreign currency assets, rose to $605.7 billion from $603.6 billion.
Gold Reserves: Gold reserves increased to $63.6 billion from $62.9 billion.
Special Drawing Rights (SDRs): SDRs with the International Monetary Fund
stood at $18.5 billion, up from $18.4 billion.
Reserve Tranche Position (IMF): The reserve tranche position with the IMF
slightly decreased to $4.46 billion from $4.52 billion.
The RBI actively intervenes in the forex market to
manage rupee volatility, with the rupee hitting a two-month high of 83.4850 against the US dollar last week,
aided by the US Federal Reserve’s 50-basis-point rate cut. However, by September 27, the rupee had settled at
83.70, slipping 0.1% week-on-week.
