India’s foreign exchange reserves plunged by $101.3 million to $315.596 billion in the week through September 19, a rise in the non-dollar assets notwithstanding.
In the previous week, the reserves fell $1.615 billion to $315.697 billion, according to The Economic Times.
Foreign currency assets (FCAs), which form the biggest proportion of the total reserves, surged by $18.9 million to $288.783 billion in the week through September 19, reported the Reserve Bank of India.
FCAs, which are usually expressed in dollar terms, incorporate appreciation or depreciation of non-US dollar currencies such as the pound, the euro and yen that are held in reserves.
The gold reserves were unchanged at $20.933 billion.
The special drawing rights (SDRs) fell $8.4 million to $4.324 billion. India’s reserve position at the International Monetary Fund fell $111.8 million to $1.555 billion in the week.
Meanwhile, MetaQuotes updated its Build 711 trading platform over the weekend after disclosing on Friday that it had released the MT4 Build 710.
The upgraded version has numerous updates to various issues found on the MT4 trading platform and numerous bug fixes. The improvements were introduced on the MQL4 language, the MetaEditor, Strategy Tester, the trading terminal and the news tab.
However, the most spectacular improvement was to the MT4’s inbuilt signals service. The signals display was completely tweaked and new features added, resulting in an attractive design.
The standard signals tab of the MT4 platform resembles that of other leading trading software such as ZuluTrade and Tradency. The MT4 signals list now has growth charts and also offers subscription to a signal. Moreover, signals can be placed on favorites list. The context menu was removed. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.
To contact the reporter of this story; Yashu Gola at yashu@forexminute.com
