Forex reserves up $643.2 million

Satyanarayan Iyer Mumbai | Updated on July 18, 2014

India’s foreign exchange (forex) reserves increased by $643.2 million to $317.03 billion in the week ended July 11.

Foreign currency assets, which form a bulk of the reserves, rose $648.7 million to $290.22 billion in the reporting week.

Gold reserves remained unchanged at $20.63 billion.

Special Drawing Rights (SDRs) and the country’s reserve position in the IMF fell by $4 million and $1.5 million, respectively.

Published on July 18, 2014

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