Forex reserves rises US$ 14.42 billion in FY2015 so far
India's foreign exchange (forex) reserves rose US$ 60.5 million to US$ 318.64 billion in the week ended 29 August 2014. Foreign currency assets moved up US$ 75 million during the week under review to stand at US$ 291.39 billion as on 29 August 2014. Forex reserves have increased US$ 14.42 billion in FY2015 so far, against US$ 1.04 billion increase recorded in the corresponding period of last year.Gold reserves remained flat at US$ 21.17 billion in the week ended 29 August 2014. Meanwhile, the Special Drawing Rights (SDRs) and the country's reserve position in the IMF declined US$ 10.5 million to US$ 4.39 billion and US$ 4 million to US$ 1.69 billion in the week ended 29 August 2014.
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