| Date: |
12-11-2016 |
| Subject: |
India’s forex reserves rise by $ 1.075 billion to $ 368.232 billion |
|
India’s foreign exchange reserves rose by $ 1.075 billion to $ 368.232 billion in the week ended November 4, the Reserve Bank of India (RBI) said here today.
The country’s forex reserves had increased by $ 16.6 million to $ 367.157 billion in the previous week.
In its weekly statistical supplement, the central bank said that foreign currency assets, which constitute a major chunk of the forex reserves, had gone up by $ 1.982 billion to $ 343.927 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 reduced by $ 945.5 million to $ 20.461 billion, while its special drawing rights (SDRs) increased by $ 14.4 million to $ 1.476 billion.
India's reserve position in the International Monetary Fund (IMF) fell by $ 23.2 million to $ 2.368 billion, the bulletin added.
Source : netindian.in
|