Forex reserves moves up by US$ 2.68 billion in the week ended 04 January
India's foreign exchange reserves surged sharply by US$ 2.68 billion to US$ 396.08 billion in the week ended 04 January 2019. The foreign exchange reserves had stood at US$ 393.40 a week ago.Within the foreign exchange reserves, the foreign currency assets moved up to US$ 370.29 billion in the week ended 04 January 2019 from US$ 368.08 billion a week ago. The gold asset also moved up to US$ 21.69 billion from US$ 21.22 billion a week ago. SDRs were flat at US$ 1.46 billion in the week ended 04 January 2019.
India's foreign exchange reserves have dipped by US$ 28.46 billion over March 2018 and US$ 15.04 billion over a year ago level, mainly driven by the decline in foreign currency assets.
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