Sunday, December 1, 2013

India's forex reserves rise by $2.69 billions

By: Tanveer Iqbal On: Sunday, December 01, 2013
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  • India's foreign exchange (Forex) reserves rose by $2.69 billion to $286.26 billion for the week ended Nov 22, helped by a sharp increase in foreign currency assets, Reserve Bank of India (RBI) data showed.

    Forex reserves had increased by $1.45 billion to $283.57 billion for the week ended Nov 15.

    Foreign currency assets, the biggest component of the forex reserves, rose by $2.76 billion to $258.66 billion during the week under review, according to the RBI's weekly statistical supplement.

    The FCA had increased by $1.46 billion to $255.90 billion during the week ended Nov 15.