Rediff.com » Business
India's forex reserves up $1.385 billion to $314.92 billion
Source: PTI June 27, 2014 18:12 IST
India's forex reserves rose by $1.385 billion to $314.922 billion in the week to June 20 on account of rise in currency assets.
In the previous week, total reserves increased by $950.9 million to $313.536 billion.
Foreign currency assets, a major constituent of the overall reserves, surged by $1.372 billion to $287.961 billion in the period under review, Reserve
Bank said in its weekly statement.
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 reserves.
The gold reserves remained unchanged at $20.790 billion in the reporting week.
The special drawing rights was up $9.3 million to $4.456 billion, and the country's reserve position with the International Monetary Fund also rose $3.5 million to $1.714 billion in the period under review, the central bank said.
Source:
PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
Recommended by Rediff.com
20 countries with the largest foreign exchange reserves
Why Modi govt should stick to its agenda
Cricket Buzz: FICA disappointed with Srinivasan's elevation
India will have to deal with fallout of Iraq crisis
'Will tackle power crisis in Delhi, tariff may be revised'
© 2024 Rediff.com