India’s foreign exchange (forex) reserves increased by $643.2 million to $317.03 billion in the week ended July 11.
Foreign currency assets, which form a bulk of the reserves, rose $648.7 million to $290.22 billion in the reporting week.
Gold reserves remained unchanged at $20.63 billion.
Special Drawing Rights (SDRs) and the country’s reserve position in the IMF fell by $4 million and $1.5 million, respectively.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.