 "Forex reserves rose $31 bn in CY 2015")
The Reserve Bank of India (RBI) added about $31.1 billion to the foreign exchange reserves in calendar year 2015, data released on Friday showed.
As on January 1, the country's foreign exchange reserves stood at nearly $350.4 billion, down $1.7 billion in the last week of the year.
Gold reserves were valued at $17.2 billion, down $2.1 billion in the year. Foreign currency assets rose $33.3 billion to $ 327.8 billion.
The outstanding net forward position at the end of October stood at $2.5 billion. While intervening, RBI buys dollars in the spot market and ensures adequate future liquidity through operations in the forwards market. According to the data, the central bank did not intervene in the currency futures segment in October, after having sold Rs 355 million in September.
As on January 1, the country's foreign exchange reserves stood at nearly $350.4 billion, down $1.7 billion in the last week of the year.
Gold reserves were valued at $17.2 billion, down $2.1 billion in the year. Foreign currency assets rose $33.3 billion to $ 327.8 billion.
The outstanding net forward position at the end of October stood at $2.5 billion. While intervening, RBI buys dollars in the spot market and ensures adequate future liquidity through operations in the forwards market. According to the data, the central bank did not intervene in the currency futures segment in October, after having sold Rs 355 million in September.