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India's Foreign Exchange Reserves jumped to 281.12 Billion US Dollars

India's foreign exchange reserves touched 281.12 billion dollars in the week ended on 25 October 2013

Oct 26, 2013 18:23 IST
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India's foreign exchange reserves increased for the third week in a row, adding 1.9 billion dollars to touch 281.12 billion dollars in the week ended on 25 October 2013. In the previous week, the reserves had increased by 1.51 billion to 279.24 billion dollars.

The Reserve Bank stated that Foreign Currency Assets, which form the largest chunk of the reserves, jumped to 252.7 billion dollars in the week under review.

As per the RBI data, the gold reserves remained unchanged at 21.765 billion US dollars in the week under review, whereas the special drawing rights jumped by 25.6 million US dollars to 4.46 billion US dollars.

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