Forex Reserves up USD 1.97 Billion to USD 313.83 Billion - The New Indian Express

Forex Reserves up USD 1.97 Billion to USD 313.83 Billion

Published: 18th May 2014 12:19 PM

Last Updated: 18th May 2014 12:19 PM

MUMBAI: Indian foreign exchange reserves rose by USD 1.97 billion to USD 313.83 billion in the week ended May 9, on higher currency assets.

Previous week, the total reserves rose by USD 1.94 billion to USD 311.86 billion.

Foreign currency assets (FCAs), a major part of the overall reserves, increased by USD 1.978 billion to USD 286.549 billion in the period, Reserve Bank of India said.

FCAs, 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.

The gold reserves remained unchanged at USD 20.965 billion, as per the RBI data.

The special drawing rights declined by USD 3.6 million to USD 4.476 billion, and the country's reserve position with the IMF dipped USD 1.7 million to USD 1.838 billion in the period, the RBI weekly data showed.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Read More



follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook