| Date: |
21-06-2014 |
| Subject: |
India’s forex reserves rise by $ 950.9 million to $ 313.537 billion |
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India’s foreign exchange reserves rose by $ 950.9 million to $ 313.537 billion in the week ended June 13, the Reserve Bank of India (RBI) has said.
The forex reserves had grown by $ 203.2 million to $ 312.585 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 forexreserves, grew by $ 958.5 million to $ 286.589 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 $ 20.790 billion, while its special drawing rights (SDRs) declined by $ 5.5 million to $ 4.446 billion during the week.
India's reserve position in the Indian Monetary Fund (IMF) went down by $ 2.1 million to $ 1.711 billion during the period, the bulletin added.
Source : netindian.in
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