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.
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.