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.
According to the RBI, the foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen.
However, India's reserve position with the International Monetary Fund (IMF) fell by $78.4 million to $1.95 billion, while the value of the special drawing rights (SDRs) rose by $9.1 million to $4.42 billion.
The reserves with IMF had fallen by $2.00 million to $2.02 billion in the week ended Nov 15, and the value of the SDRs dropped by $3.9 million to $4.41 billion.
The value of India's gold reserves remained unchanged at $21.22 billion during the week under review.
0 comments:
Post a Comment