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Business EconomyPosted at: Sep 21 2018 6:51PM


Foreign exchange reserves balloons to $400.48 bln

Mumbai, Sep 21 (UNI) The foreign exchange reserves of the country increased after two weeks and rose to 400.48 billion dollars in the week ended September 14.
Earlier, this had fallen to 399.28 billion dollars on September 7, which was its lowest level after the week ending November 3, 2017.
Earlier this week, it was 400.10 billion dollars with a fall of 1.19 billion dollars in the week ended on August 31.
According to data released on Friday by the Reserve Bank of India, the foreign currency assets, the biggest component of foreign exchange reserves, dropped by 1.05 billion dollars to 376.15 billion dollars in the week ended September 14. Gold reserves also rose to 14.40 million dollars to 20.37 billion dollars.
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