India’s foreign exchange (forex) reserves jumped by $1.83 billion to $282.95 billion during the week ended October 25, 2013. The reserves increased for the second week in a row due to increase in foreign currency assets.
In the previous reporting week ended October 18, forex reserves were up $1.88 billion to $281.12 billion.
For the October 25 week, foreign currency assets soared by $1.81 billion to $254.50 billion. Gold reserves remained unchanged at $21.76 billion.
Special Drawing Rights and the country’s reserve position in the International Monetary Fund increased by $13.7 million and $6.9 million, respectively.