Forex reserves up $917.5 mn to $352.47 bn

Our Bureau Mumbai | Updated on January 24, 2018 Published on June 05, 2015

India’s foreign exchange reserves rose by $917.5 million to $352.474 billion during the week ended May 29, as per the Reserve Bank of India (RBI) data.

The country’s forex reserves had fallen significantly by $ 2.320 billion to $ 351.557 billion in the previous week after rising in the previous weeks.

Foreign currency assets, which constitute a major chunk of the forex reserves, increased by $980.4 million to $ 327.820 billion during the week under review, the central bank said in its weekly statistical supplement.

Gold reserves continued to remain unchanged at $19.335 billion.

On the other hand, special drawing rights were down by $47.5 million to $4.017 billion, while the country's reserve position with the International Monetary Fund also declined marginally by $15.4 million to $1.302 billion.

Published on June 05, 2015
This article is closed for comments.
Please Email the Editor