Forex

Forex reserves up by $1.74 bn

Our Bureau Mumbai | Updated on January 23, 2018 Published on May 22, 2015

Touching yet another high, India's foreign exchange reserves rose by $1.745 billion to $353.87 billion in the week ended May 15, according to RBI.

In the previous reporting week, reserves had reached a life-time high of $352.13 billion, up by $262.4 million in the week to May 8.

Foreign currency assets, a major component of the overall reserves, were up $1.708 billion at $329.12 billion for the week ending May 15, RBI data said.

Gold reserves remained unchanged at $19.33 billion, while Special Drawing Rights (SDRs) and India’s reserve position with the IMF increased marginally by $27.8 million to $4.09 billion and $9.1 million to $1.32 billion, respectively.

Published on May 22, 2015
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