India's forex reserves marginally up at $ 280.19 billion.

MUMBAI: India's foreign exchange reserves rose by $ 21.1 million to $ 280.19 billion, the Reserve Bank said today.

The total reserves had dipped by $ 4.48 billion to $ 280.16 billion in the previous reporting week.

Foreign currency assets, a major component of the forex reserves, were up by $ 33.5 million to $ 252.14 billion for the week ended July 12, Reserve Bank said today.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.

After a heavy $ 1 billion plus fall last week, the gold reserves were unchanged at $ 21.55 billion, the apex bank said.

For the week under review, the special drawing rights (SDRs) were down by $ 1.5 million to $ 4.334 billion, while the country's reserve position with the IMF was also down by $ 19.1 million to $ 2.162 billion, the apex bank data showed.

Source : economictimes.indiatimes.com