Forex reserves surge $1.46 bn to $277.7 bn

Our Bureau Updated - March 12, 2018 at 08:57 PM.

Foreign exchange (forex) reserves increased by $1.46 billion to $ 277.73 billion during the week ended October 4, 2013 due to a jump in foreign currency assets, Reserve Bank of India data said.

In the previous reporting week, forex reserves fell by $1.12 billion to $276.26 billion during the week ending September 27.

In the week ending October 4, foreign currency assets were up by $1.40 billion to $249.32 billion. After the gold reserve remained unchanged for the previous four weeks, it increased in the week under review by $41.3 million to $21.77 billion.

The other components of forex reserves include special drawing rights which rose by $14.7 million to $4.44 billion, and the country's reserve position in the IMF was up marginally by $7.2 million to $2.20 billion.

Since March this year, the forex reserves have fallen by $14.32 billion, RBI data showed.

Beena.parmar@thehindu.co.in

Published on October 11, 2013 13:23