The country’s forex reserves increased by $39.6 million to $296.578 billion on the back of rise in currency assets during the week ended December 28, the Reserve Bank of India (RBI) said today.
The total reserves had slipped by $92.8 million to $296.539 billion in the previous reporting week.
Foreign currency assets, a major component of the forex reserves, were up by $63.9 million to $262.01 billion for the week ended December 28, the RBI said in its weekly statistical supplement.
Foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.
The gold reserves remained unchanged at $27.80 billion during the week, it said.
For the week under review, the special drawing rights (SDRs) were down by $15.9 million to $4.436 billion, while the country’s reserve position with the IMF slipped by $8.4 million to $2.325 billion, the apex bank data showed.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.