| Date: |
12-07-2014 |
| Subject: |
India’s forex reserves rise by $614.6 million to $316.393 billion |
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India’s foreign exchange reserves rose by $ 614.6 million to $ 316.393 billion in the week ended July 4, the Reserve Bank of India (RBI) has said.
The forex reserves had grown by $ 856.6 million to $ 315.778 billion in the previous week.
In its weekly statistical supplement issued here yesterday, the central bank said that foreign currency assets, which constitute a major chunk of the forex reserves, grew by $ 760.6 million to $ 289.573 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 fell by $ 155.5 million to $ 20.635 billion, while its special drawing rights (SDRs) went up by $ 6.9 million dollars to $ 4.467 billion during the week.
India's reserve position in the Indian Monetary Fund (IMF) went up by $ 2.6 million to $ 1.718 billion during the period, the bulletin added.
Source : netindian.in
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