After declining for two consecutive weeks, the country's foreign exchange reserves increased by $1.041 billion to $308.534 billion during the week ended May 20.

The increase was mainly due to currency revaluation.

In the earlier week the reserves had declined by $2.042 billion to $307.393 billion.

In the week under consideration, foreign currency assets increased by $1.059 billion to $277.202 billion. Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the euro, sterling and yen held in reserves.

Gold reserves were unchanged at $23.790 billion.

SDRs fell by $11 million to $4.585 billion. Reserve position in the IMF fell by $7 million to $2.957 billion.

comment COMMENT NOW