India's forex reserves up $110 mn to $292.07 billion
The country's foreign exchange reserves rose by $110 million to $292.07 billion on the back of rise in the core currency assets, Reserve Bank said today.business Updated: May 31, 2013 19:08 IST
The country's foreign exchange reserves rose by $110 million to $292.07 billion on the back of rise in the core currency assets, Reserve Bank said today.
The total reserves had dipped by $1.72 billion to $291.96 billion in the previous reporting week.
Foreign currency assets, a major component of the forex reserves, rose by $93.4 million to $261.56 billion for the week ended May 24, the Reserve Bank said in data released today.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.
The gold reserves were unchanged at $23.97 billion, RBI said.
For the week under review, the special drawing rights (SDRs) were up by $10.9 million to $4.316 billion, while the country's reserve position with the IMF was also up by $5.6 million to $2.219 billion, the apex bank data showed.