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Forex reserves hit a new high of $451 billion as of Dec 3: RBI governor

IBEF:  December 06, 2019

As of 3rd December 2019, Foreign exchange reserves continued the upward journey growing to a new high of US$ 451.7 billion, Reserve Bank governor Mr Shaktikanta Das said on Thursday.

The governor added that since beginning of the current financial year, the forex kitty has gained by US$ 38.8 billion as of December 3 which is the largest in recent year.

In the week ending on 22nd November 2019, the total reserves rose by US$ 347 million to reach US$ 448.596 billion, as per the last reported number by the RBI.

For last few months the reserves have been continuously surging to new highs every week and crossed the US$ 450 billion mark for the first time.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.