RBI:India’s Foreign Exchange Reserves increased to 280.19 Billion US Dollars
RBI on 20 July 2013 stated that India’s foreign exchange reserves increased by 21.1 million US dollars.
Reserve Bank of India on 20 July 2013 stated that India’s foreign exchange reserves increased by 21.1 million US dollars to 280.19 billion US dollars, the. The total forex reserves had decreased by 4.48 billion US dollars to 280.16 billion US dollars in the previous reporting week.
Foreign currency assets, a major component of the forex reserves, increased by 33.5 million US dollars to 252.14 billion US dollars for the week ended 12 July 2013.
Foreign currency assets expressed in US dollar terms comprise the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves. The gold reserves were unchanged at 21.55 billion US dollars.
For the week under review, the special drawing rights (SDRs) decreased by 1.5 million US dollars to 4.334 billion US dollars, while India’s reserve position with the IMF was also down by 19.1 million US dollars to 2.162 billion US dollars.