| Date: |
06-12-2014 |
| Subject: |
India forex reserves up $ 1.432 billion to $ 316.311 billion |
|
MUMBAI: The country's reserves surged by $ 1.432 billion to $ 316.311 billion in the week to November 28 due to rise in foreign currency assets, RBI data showed today.
In the previous week, reserves had declined by $ 672.4 million to $ 314.878 billion. The foreign currency assets, a major constituent of overall reserves, increased by $ 1.424 billion to $ 290.822 billion, RBI said.
Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and yen held in reserves.
The country's gold reserves remained unchanged at $ 19.738 billion.
Special Drawing Rights (SDRs) increased by $ 6.4 million to $ 4.229 billion, while the country's reserve position with the IMF also rose by $ 2.5 million to $ 1.521 billion during the week, the RBI data showed.
Source : economictimes.indiatimes.com
|