Mumbai:
Foreign exchange reserves of the country increased
from $203.982 billion as of May 18 to $204.934 billion
on May 25, rising by $952 million during the seven-day
period, as per figures released by the Reserve Bank of
India.
The
reserves had decreased by $9 million during the week ended
May 18 from the preceeding seven-day period.
Foreign
currency assets increased by $953 million to $197.438
billion during the week ended May 18.
Foreign
currency assets in dollars include the effect of revaluation
of non-US currencies such as euro, sterling and the yen
held in reserves.
Both
special drawing rights (SDRs) and gold reserves remained
static at $1 million and $7.036 billion respectively.
Reserve
position in the IMF declined by $1 million to stand at
$459 million.
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