The country's foreign exchange reserves increased by $1.681 billion to $310.215 billion for the week ended May 27, mainly on account of currency revaluation.
This is the second week in a row that forex reserves have increased.
In the earlier week ended May 20, forex reserves had increased by $1.041 billion to $308.534 billion.
Currency assets
According to the Reserve Bank of India's Weekly Statistical Supplement , foreign currency assets increased by $1.671 billion to $278.873 billion, in the week under consideration.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in reserves.
Gold was unchanged at $23.790 billion.
SDRs increased by $6 million to $4.591 billion and the reserve position in the IMF increased by $4 million to $2.961 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.