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According to the latest press release from the Reserve Bank of India (RBI), the country’s forex reserves decreased by $156.90 million to $354.360 billion during the week ended July 10, 2015. The decrease in valuation of Foreign Currency Assets in the IMF pulled the forex kitty lower during the reporting week.
Valuation of foreign currency assets decreased by $177.40 million in the week and stood at $329.913 billion, while the value of gold in the reserves remained unchanged in the week to $19.074 billion during the week.
SDRs’ (Special Drawing Rights) valuation increased by $15.50 million and stood at $4.058 billion in the week. This valuation is inclusive of SDR 3,082.5 million (equivalent to $4,883 million) allocated under general allocation and SDR 214.6 million (equivalent to $340 million) allocated under special allocation by International Monetary Fund (IMF) done on August 28, 2009 and September 9, 2009, respectively.
The country’s reserve position in the IMF further witnessed a rise of $5.00 million during the week ended July 10, 2015 to $1.315 billion. Reserve position in the IMF, i.e., Reserve Tranche Position (RTP) which was shown as a memo item from May 23, 2003 to March 26, 2004 has been included in the reserves from the week ended April 2, 2004 in keeping with the international best practice.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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