 "Forex reserves rise by $205 mn to $278.8 bn")
Forex reserves increased by $205 million to reach $278.8 billion in the week ended August 16, Reserve Bank of India (RBI) data showed today.
According to weekly statistical supplement of the central bank, rise in reserves was due to increase in foreign currency assets which are the substantial part of reserves.
Foreign currency assets went up by $212 million during the week ended August 16 to touch $251.56 billion. Gold reserves remained unchanged during the weak at $20.75 billion.
Country's reserve position at International Monetary Fund (IMF) decreased marginally by $2 million to $2.11 billion while special drawing rights from IMF decreased by $3.9 million to $4.39 billion.
According to weekly statistical supplement of the central bank, rise in reserves was due to increase in foreign currency assets which are the substantial part of reserves.
Foreign currency assets went up by $212 million during the week ended August 16 to touch $251.56 billion. Gold reserves remained unchanged during the weak at $20.75 billion.
Country's reserve position at International Monetary Fund (IMF) decreased marginally by $2 million to $2.11 billion while special drawing rights from IMF decreased by $3.9 million to $4.39 billion.