Indian forex reserves continue to swell, adds another $1.1 billion

[Skull and Bones]

India's foreign exchange reserves continued its northward push, increasing by USD 1.105 billion to touch USD 414.886 billion in the week to April 12, the Reserve Bank data showed Friday.

In the previous week, reserves had increased by USD 1.876 billion to USD 413.781 billion.

In the reporting week, foreign currency assets, which are a major component of the overall reserves, rose by USD 646.4 million to USD 386.762 billion.

Expressed in US dollar terms, foreign currency assets include the effect of appreciation/depreciation of non-US currencies like the euro, pound and the yen held in the reserves.

The forex kitty had touched a life-time high of USD 426.028 billion in the week to April 13, 2018.

Gold reserves also increased by USD 77.4 million to USD 23.303 billion, according to the data.

The special drawing rights with the International Monetary Fund was up by USD 3.3 million to USD 1.458 billion. The country's reserve position with the Fund also increased by USD 378.1 million to USD 3.362 billion, the apex bank said.

https://www.businesstoday.in/top-st...ell-adds-another-11-billion/story/338723.html

 

[Khanivore]

Excuse me but where's the logic in posting this under 'Pakistan Economy'?

 

[Cobra Arbok]

very bad and very sad

 

[Skull and Bones]

Excuse me but where's the logic in posting this under 'Pakistan Economy'?

I apologize, it happened by mistake. @waz can you move it to Indian section. Thanks

 

[Śakra]

Indian economy is failing!!

 

[baajey]

indian economy failing desperately.
perhaps india should give access to the whole country to the chinese as CIEC, then only india will prosper.
we should learn from our neighbours and mortgage the country to china

 

[Cobra Arbok]

Indian economy is failing!!

#Islamiceconomics

 

[Novice09]

indian economy failing desperately.
perhaps india should give access to the whole country to the chinese as CIEC, then only india will prosper.
we should learn from our neighbours and mortgage the country to china

You mean... Chinese money... we borrow... give our land... Chinese Labour... Chinese companies... Chinese goods... China take back all the money back as payments for these subjects... every thing would be free for China... and the end of the day we will pay back the LOANS WITH HIGH INTEREST...

Bro... we are India... we are not... VERY BAD VERY SAD...

Indian economy is failing!!

Shhh... some people don't understand sarcasm on this forum...

 

[beijingwalker]

Don't know when India's total foreign reserve can beat Hong Kong, a Chinese city of merely 6 million people.

 

[pahadi]

The first thing that Pakistan and its people should know is that our country is not run by Govt or any party, it is run by our IAS, IPS, IFS, diplomats, our tacticians, military( strategic issues), govt only has the power to select a scheme or plan out of 1000 of such plans, rest of it is done by Our Officers, and even if it turns out to be a bad choice, the repair work is quick and solid, India is in different league, countries with weak economy go into crises if they try to implement demonetization, and here they are comparing a macro economy to micro one...

Don't know when India's total foreign reserve can beat Hong Kong, a Chinese city of merely 6 million people.

You once stood with us, what makes you think you are special? we can do exactly what you did, its just the perception, Indians do not like huge changes in the system, while your govt doesn't even think about you people before changing something...

 

[Novice09]

Don't know when India's total foreign reserve can beat Hong Kong, a Chinese city of merely 6 million people.

We are just trying to catch up with you... you are way ahead... and Indians know that...
Even Taiwan is ahead of India...

 

[beijingwalker]

Indians do not like huge changes in the system, while your govt doesn't even think about you people before changing something...

Deny it as you will, but the Chinese government did much more for the Chinese people than Indian government for Indians.

 

[pahadi]

Deny it as you will, but the Chinese government did much more for the Chinese people than Indian government for Indians.

Did i denied that? thats the biggest advantage of communism, we admire your hard work, its a benchmark for Asian countries, but sadly we are on the wrong side, due to disputes neither you can agree with us, nor we can...

 

[Cobra Arbok]

Deny it as you will, but the Chinese government did much more for the Chinese people than Indian government for Indians.

I actually agree with you. Although, at the expense of tens of millions of dead Chinese. China's system srequired a revolution that will never be possible in India, or most other countries.

 

[Qutb-ud-din Aybak]

Indian economy is failing!!

indian society is failing. Hate and superiority complex will make indians economy failing.