India's forex reserves up $2.79 bn at $309.44 bn

news
19 April 2014

India's foreign exchange reserves increased by $2.797 billion to $309.444 billion during the week ended 11 April 2014, helped by increased inflows of foreign currency assets, especially the US dollar.

This is over and above the $2.974 billion increase to $306.647 billion in the previous week, ended 4 April 2014.

The share of foreign currency assets (FCAs) in the country's overall foreign reserve assets rose by $2.746 billion to $281.552 billion during the week ended 11 April 2014, RBI said in its weekly supplement.

Foreign currency assets expressed in dollar terms include the effect of appreciation / depreciation of the non-US currencies such as the euro, pound and yen held in its reserves, RBI said.

Gold reserves with the central bank remained unchanged at $21.566 billion, as per the RBI data.

The special drawing rights rose by $35.9 million to $4.483 billion, while India's reserve position with the IMF jumped $14.8 million to $1.841 billion, RBI said.





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