Hotline: 1800 102 2007
X
Search Business Opportunities
2013-12-16

India\'s forex reserves up by $4.40 bn

India\'s Foreign Exchange (forex) reserves jumped by $4.40 billion to $295.70 billion for the week ended December 6, helped by a sharp increase in foreign currency assets, Reserve Bank of India (RBI) data showed.

India's Foreign Exchange (forex) reserves jumped by $4.40 billion to $295.70 billion for the week ended December 6, helped by a sharp increase in foreign currency assets, Reserve Bank of India (RBI) data showed.

 

This is the fifth consecutive week of gain in the country's foreign exchange reserves.

 

Forex reserves had soared by $5.03 billion to $291.30 billion during the week ended November 29, 2013.

 

Foreign currency assets, the biggest component of the forex reserves, soared by $5.01 billion to $268.75 billion, according to the RBI's weekly statistical supplement. Foreign currency assets had increased by $5.07 billion to $263.73 billion in the previous week.

 

According to the RBI, the foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies held in reserve such as the pound sterling, euro and yen.

 

The central bank did not give any reason for such a sharp increase in the foreign currency assets.

Related opportunities
  • Designer
    About Us: Established in 1990, Catwalk Worldwide Private Limited is India’s..
    Locations looking for expansion Delhi
    Establishment year 1990
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Solar Energy and Components
    About Us: Indiagosolar.in  is India's 1st solar e-info commerce marketplace offering..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater New delhi Delhi
  • Others Entertainment & Leisure
    About: Toon Mart is a one shop for wide range of..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Payment Solution services
    About Us: Mswipe Technologies Private Limited is engaged in the business..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts