India's Forex reserves at All Time High of $375.71 billion Dollars

[Stephen Cohen]

Forex reserves at life-time high of $375.71 billion

http://timesofindia.indiatimes.com/...gh-of-375-71-billion/articleshow/58645612.cms

 

[Stephen Cohen]

MUMBAI: The forex reserves touched a fresh life-time high of $375.71 billion after rising by $2.985 billion in the week ending May 5, helped by increase in foreign currency assets, the Reserve Bank said.

The reserves had risen by $1.594 billion to $372.73 billion in the previous week.

Foreign currency assets (FCAs), a major component of the overall reserves, rose by $2.474 billion to $351.53 billion in the reporting week, the RBI said.

Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.


After remaining stable for past few weeks, gold reserves rose by $569.9 million to $20.438 billion, the central bank said.

The special drawing rights with the International Monetary Fund decreased marginally by $0.4 million to $1.459 billion.

The country's reserve position with the Fund, too, declined by $58.4 million to $2.288 billion, the RBI said.

http://economictimes.indiatimes.com...igh-at-377-7-billion/articleshow/58646246.cms

 

[Great Sachin]

Great waiting for 400 mark soon

 

[Surya 1]

Great waiting for 400 mark soon

May be by year end.

 

[Sloth 22]

We have added 9.1 Million more tax payers, due to demonetisation. This should also help in the cause.

 

[Fledgingwings]

 

[grey boy 2]

See last year, you guys still a few place behind us and now we could feel your breath

 

[Great Sachin]

we will catch Hong Cong by end of the year...

 

[grey boy 2]

we will catch Hong Cong by end of the year...

If you do a little simple math with the figures from 2016 to 2017, how much India has grown compare it with HK, perhaps you may change your prediction, don't forget HK figures stop in Jan 31 2017 while India at May
Oh well anyway good luck bro

 

[Sliver]

its probably ok for India to NOT catch up with HK - or any other country for that matter. The money is better spent on investment than on reserve - as long as you have reserves for contingencies.

 

[Sully3]

Taiwan?

what do they do?

 

[Chinese-Dragon]

Taiwan?

what do they do?

They export a lot of stuff, like HTC and Asus.

 

[Flynn Swagmire]

They export a lot of stuff, like HTC and Asus.

hTc sucks. Asus is ok.

Oh another indian that loves to beg, stop begging for my attention, just focus on begging on the streets for alms to fill the empty stomachs of your family.

Bro seems like you had bitter experience with Indian scammer?

 

[Great Sachin]

If you do a little simple math with the figures from 2016 to 2017, how much India has grown compare it with HK, perhaps you may change your prediction, don't forget HK figures stop in Jan 31 2017 while India at May
Oh well anyway good luck bro

you are right....but Hong Kong is just short term....target to be trillion dollar reserve in 5 years

 

[Bussard Ramjet]

We have added 9.1 Million more tax payers, due to demonetisation. This should also help in the cause.

Goes to show you don't understand economics in general and forex reserves in particular.