Forex reserves up $1.8 b, touches nearly $283 b

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

India’s foreign exchange (forex) reserves jumped by $1.83 billion, to $282.95 billion in the week-ended October 25. 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.

In the reporting week, a break-up of the forex reserves shows that 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.

> beena.parmar@thehindu.co.in

Published on November 1, 2013 16:49