Indian Forex Reserve Rises

Union Finance Minister Arun Jaitley with Reserve Bank Governor Raghuram Rajan in New Delhi
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India’s foreign exchange reserves rise to $363 billion….reports Asian Lite News

Union Finance Minister Arun Jaitley with Reserve Bank Governor Raghuram Rajan in New Delhi
Union Finance Minister Arun Jaitley with Reserve Bank Governor Raghuram Rajan in New Delhi

India’s foreign exchange reserves increased by $1.52 billion to $363.12 billion as on April 29, 2016, the Reserve Bank of India (RBI) has said.

According to the RBI’s forex data, the reserves stood at $363.12 billion as on April 29 against $361.60 billion for the week ended April 22, 2016.

As on April 29, foreign currency assets stood at $339.02 billion, gold $20.11 billion, special drawing rights $1.51 billion and the reserve position with International Monetary Fund (IMF) stood at $2.47 billion.

On the other hand, the forex reserves for the week ended April 22, 2016, consisted of foreign currency assets of $337.53 billion, gold reserves of $20.11 billion, special drawing rights of $1.49 billion and the reserve position with IMF of $2.45 billion.