Source: https://zeenews.india.com/economy/indias-foreign-exchange-reserves-rise-by-over-usd-2-5-bn-to-record-high-of-usd-575-290-bn-2327113.html
India’s War Chest of Forex Reserves touch record $575-bn Amid a severe hit to the Indian economy by the Covid pandemic in the past eight months, the country’s foreign exchange reserves increased by more than $100 billion since the Covid-induced lockdown was enforced in March-end.
Importantly, the reserves grew by $4.277 billion from the week ended November 6, 2020.
However, the gold reserves reduced by $1.233 billion from $37.587 billion to $36.354 billion in the week.
The investment stood at Rs 44,378 crore in equities and Rs 5,175 crore in the debt segment between November 3-20 while FPI’s October investment was Rs 22,033 crore.
Moreover, deposits had jumped 10.63 per cent to Rs 143.80 lakh crore from Rs 129.98 lakh crore during the said period.
India's War Chest of Forex Reserves touch record $575-bn
Uploaded by Jose Alarcon on November 29, 2020 at 2:11 pm
India's War Chest of Forex Reserves touch record $575-bn
Source: https://zeenews.india.com/economy/indias-foreign-exchange-reserves-rise-by-over-usd-2-5-bn-to-record-high-of-usd-575-290-bn-2327113.html
India's War Chest of Forex Reserves touch record $575-bn Amid a severe hit to the Indian economy by the Covid pandemic in the past eight months, the country’s foreign exchange reserves increased by more than $100 billion since the Covid-induced lockdown was enforced in March-end.
Importantly, the reserves grew by $4.277 billion from the week ended November 6, 2020.
However, the gold reserves reduced by $1.233 billion from $37.587 billion to $36.354 billion in the week.
The investment stood at Rs 44,378 crore in equities and Rs 5,175 crore in the debt segment between November 3-20 while FPI’s October investment was Rs 22,033 crore.
Moreover, deposits had jumped 10.63 per cent to Rs 143.80 lakh crore from Rs 129.98 lakh crore during the said period.
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