In the previous week ended January 8, the reserves had climbed by $758 million to touch a lifetime high of $586.082 billion

The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August

In the previous week ended January 1, the reserves had increased by $4.48 billion to $585.32 billion

In the reporting week, the increase in reserves was on account of a rise in foreign currency assets (FCAs), a major component of the overall reserves

The increase in forex reserves was attributed to a rise in foreign currency assets (FCAs), which soared by $1.382 billion to $537.727 billion in the week ended December 18 2020

The country's reserve position with the IMF also rose by $160 million to $4.870 billion

RBI data showed, the country's FOREX reserves surged by USD 4.525 billion to touch a record high of USD 579.346 billion

Attributing the GDP recovery to the manufacturing and services sectors, SBI in its report said the sector had minimised its losses by 91% from Q1, services sector by 43% and trade sub-segment by 80%

In the reporting week, the increase in the forex kitty was on account of a rise in foreign currency assets (FCAs), a major component of the overall reserves

RBI Governor says after witnessing a sharp contraction in GDP by 23.9% in Q1 and a speedy recovery in Q2, Indian economy has exhibited stronger than expected pick up

India Stock Market Highlights Today: Global equities were buoyed today as positive macroeconomic data flow and hopes of a COVID-19 vaccine boosted investor sentiment

Over the past week, the 30-share BSE Sensex jumped 1,744.92 points or 4.16 per cent

In the previous week ended October 30, the reserves had increased by USD 183 million to USD 560.715 billion

RBI claim seems partially 'correct'; while it'll be India's first technical recession in terms of quarterly GDP numbers, the country has faced four recessions in terms of yearly GDP in the past

Stock Market Update for upcoming week: During the week, the 30-share BSE index Sensex and NSE Nifty 50 fell by 1071 points and 288 points, respectively

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

The Chinese Communist Party is a predator. The US comes in a different way, we come as a friend, Pompeo said in response to a question

India Stock Market Highlights Today: ONGC, followed by NTPC, HDFC, Axis Bank, ICICI Bank, PowerGrid and Nestle India were among the top gainer on Sensex pack. On the other hand, TCS, Tech Mahindra, Infosys and Sun Pharma were among the laggards.

The country's foreign exchange reserves surged by $5.867 billion to touch a record high of $551.505 billion in the week to October 9, according to the RBI data

India Stock Market Highlights Today: IndusInd Bank, Tata Steel, Infosys, ONGC, BPCL, Cipla, Kotak Bank, NTPC and Bharti Airtel were among prominent gainers. On the other hand, Asian Paints, Sun Pharma, Nestle, RIL, M&M, HCL Tech were among the top losers.