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.

comment COMMENT NOW