Hotline: 1800 102 2007
X
Search Business Opportunities
2014-06-23

India\'s forex reserves up by $950.9mn: RBI

As per the Reserve Bank of India (RBI) data, India\\\'s foreign exchange (forex) reserves rose by $950.9 million to $313.53 billion for the week ended June 13, led by a sharp jump in overseas currency assets.

As per the Reserve Bank of India (RBI) data, India's foreign exchange (forex) reserves rose by $950.9 million to $313.53 billion for the week ended June 13, led by a sharp jump in overseas currency assets.

 

According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, jumped by $958.5 million to $286.58 billion.

 

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.

 

India's reserve position with the International Monetary Fund (IMF) dropped by $2.1 million to $1.71 billion. The value of special drawing rights (SDRs) fell by $5.5 million to $4.44 billion. However, the value of gold reserves remained unchanged at $20.79 billion.

Related opportunities
  • Beauty Salons
    About: Waves is a well-established and renowned chain of salons &..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Welcome to the world of premium modular kitchens, crafted..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 30lac - 50lac
    Space required 900
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Home Products
    About Us: OUR BRAND HAS BEEN A DOMINANT NAME IN PLASTIC..
    Locations looking for expansion TELANGANA
    Establishment year 1992
    Franchising Launch Date 2018
    Investment size
    Space required 500
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Hyderabad TELANGANA
  • Quick Service Restaurants
    About Faasos: Incorporated in 2011, Faasos is the most distruptive and..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
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