| Date: |
24-05-2014 |
| Subject: |
India’s forex reserves rise by $ 1.094 billion |
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India’s foreign exchange reserves rose by $1.094 billion to $ 314.925 billion in the week ended May 16, the Reserve Bank of India (RBI) said here today.
In its weekly statistical supplement issued here today, the central bank said that foreign currency assets, which constitute a major chunk of the forex reserves, increased by $ 1.266 billion to $ 287.816 billion during the week.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.
According to the bulletin, the country’s gold reserves remained unchanged at last week’s level of $ 20.966 billion, while its special drawing rights (SDRs) declined by $14.5 million to $ 4.462 million during the week.
India's reserve position in the Indian Monetary Fund (IMF) went down by $ 158.1 million to $ 1.681 billion during the period, the bulletin added.
Source : netindian.in
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