{"id":2635,"date":"2016-09-16T12:15:54","date_gmt":"2016-09-16T12:15:54","guid":{"rendered":"https:\/\/sunkrish.com\/?p=2635"},"modified":"2017-01-14T06:42:38","modified_gmt":"2017-01-14T06:42:38","slug":"forex-reserves-hit-fresh-all-time-high-cross-371-billion","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2016\/09\/16\/forex-reserves-hit-fresh-all-time-high-cross-371-billion\/","title":{"rendered":"Forex reserves hit fresh all-time high, cross $371 billion"},"content":{"rendered":"<p><a href=\"https:\/\/sunkrish.com\/index.php\/2016\/09\/16\/forex-reserves-hit-fresh-all-time-high-cross-371-billion\/s1\/\" rel=\"attachment wp-att-845\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-3276 size-full\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/s1.jpg\" width=\"240\" height=\"120\" srcset=\"https:\/\/sunkrish.com\/wp-content\/uploads\/s1.jpg 240w, https:\/\/sunkrish.com\/wp-content\/uploads\/s1-150x75.jpg 150w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><\/p>\n<p>The country\u2019s forex reserves continued to scale new highs, with the week to September 9 adding $3.513 billion to the kitty, which hit a new life-time peak of $371.279 billion, RBI data showed today.<\/p>\n<p>The reserves had increased by $989.5 million to $367.76 billion in the previous reporting week.<\/p>\n<p>The reserves are more than sufficient to cover nearly 13 months of exports.<\/p>\n<p>The surge indicates that new RBI Governor Urjit Patel is continuing with his predecessor Raghuram Rajan\u2019s policy of building up the forex reserves. The three-year tenure of Rajan saw the RBI adding a net of $92 billion to the kitty.<\/p>\n<p>Foreign currency assets (FCAs), a major component of the overall reserves, swelled by $3.509 billion to $345.747 billion for the week ended September 9, the Reserve Bank said.<\/p>\n<p>FCAs, expressed in dollar terms, include the effect of appreciation\/depreciation of non-US currencies such as the euro, pound and the yen held in the reserves.<\/p>\n<p>Gold reserves, however, were unchanged at $21.64 billion at the end of the reporting week, the apex bank said.<\/p>\n<p>The country\u2019s special drawing rights with the International Monetary Fund increased by $5.3 million to $1.493 billion, while the reserve position with the fund was down by $1.3 million to $2.395 billion, it added.<\/p>\n<p>Source: <a href=\"http:\/\/www.financialexpress.com\/economy\/forex-reserves-hit-fresh-all-time-high-cross-371-billion\/379908\/\" target=\"_blank\">http:\/\/www.financialexpress.com\/economy\/forex-reserves-hit-fresh-all-time-high-cross-371-billion\/379908\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The country\u2019s forex reserves continued to scale new highs, with the week to September 9 adding $3.513 billion to the kitty, which hit a new life-time peak of $371.279 billion, RBI data showed today. The reserves had increased by $989.5 &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2016\/09\/16\/forex-reserves-hit-fresh-all-time-high-cross-371-billion\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,497,493,5],"tags":[311,305,304,354,433,396,294,622,367,881],"class_list":["post-2635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-cross-border-transactions-mas-joint-ventures","category-economy-business-updates-corporate-affairs","category-india-international-corporate-updates","tag-corporate","tag-economy","tag-foreign-direct-investment","tag-foreign-institutional-investors","tag-forex","tag-international-monetary-fund-imf","tag-investment","tag-raghuram-rajan","tag-reserve-bank-of-india-rbi","tag-urjit-patel"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/2635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=2635"}],"version-history":[{"count":4,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/2635\/revisions"}],"predecessor-version":[{"id":3277,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/2635\/revisions\/3277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3276"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=2635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=2635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=2635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}