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Lord Jesus Christ Says...

“And so I tell you, keep on asking, and you will receive what you ask for. Keep on seeking, and you will find. Keep on knocking, and the door will be opened to you. For everyone who asks, receives. Everyone who seeks, finds. And to everyone who knocks, the door will be opened.” Jesus Christ, Luke 11:9-10

26 Mar 2016

MONEY MARKET- INDIA"S FOREX RESERVES SURGE TO TOUCH AN ALL TIME HIGH.


Mumbai: India's foreign exchange reserves surged by dollar 2.539 billion to touch an all-time high of dollar 355.947 billion in the week ended March 18, on account of rise in foreign currency assets (FCAs), the Reserve Bank said on Friday.

The reserves had touched a high of dollar 355.46 billion in the week ended June 19 last year.

In the previous week, the reserves had increased by dollar 2.543 billion to dollar 353.407 billion.

FCAs, a major component of overall reserves, increased by dollar 2.505 billion to dollar 332.504 billion in the reporting week, RBI said in a release here. FCAs, expressed in dollar terms, include the effect of
appreciation and depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.

Gold reserves marginally rose by dollar 0.6 million to dollar 19.325 billion in the week. India's special drawing rights with the International Monetary Fund (IMF) increased by dollar 12.1 million to dollar 1.498 billion, while the country's reserve position with the Fund was up by dollar 21.1 million to dollar 2.618 billion, RBI said.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
The reserves had touched a high of dollar 355.46 billion in the week ended June 19 last year.
In the previous week, the reserves had increased by dollar 2.543 billion to dollar 353.407 billion.
FCAs, a major component of overall reserves, increased by dollar 2.505 billion to dollar 332.504 billion in the reporting week, RBI said in a release here. FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.
Gold reserves marginally rose by dollar 0.6 million to dollar 19.325 billion in the week. India's special drawing rights with the International Monetary Fund (IMF) increased by dollar 12.1 million to dollar 1.498 billion, while the country's reserve position with the Fund was up by dollar 21.1 million to dollar 2.618 billion, RBI said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) 

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