"The value of special drawing rights - rose by $4.6 million to $4.47 billion. "
Mumbai, May 3 - India's foreign exchange - reserves rose by $499.8 million to $309.91 billion for the week ended April 25, led by a sharp jump in overseas currency assets, Reserve Bank of India - data showed.

According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, jumped by $493.2 million to $282.03 billion.

Foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies held in reserve such as the pound sterling, euro and yen.

India's reserve position with the International Monetary Fund - increased by $2 million to $1.84 billion.

The value of special drawing rights - rose by $4.6 million to $4.47 billion.

However, the value of gold reserves remained unchanged at $21.56 billion.


comments powered by Disqus
Read more on:
 INDIA (136901 views)
 MUMBAI (98438 views)
 INTERNATIONAL (19241 views)
 APRIL (14601 views)
 RESERVE BANK OF INDIA (7731 views)
 BANK OF INDIA (6751 views)
 FOREIGN EXCHANGE (6501 views)
 MILLION (6011 views)
 MAINE (4981 views)
 INTERNATIONAL MONETARY FUND (4462 views)
 APRIL 25 (3411 views)
 RESERVE BANK (2571 views)
 APRIL 2 (2291 views)
 309 (841 views)
 

PERMALINK

http://www.nerve.in/news:2535002371528
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for India


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.