August 19, 2016 8:49 PM

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Forex reserve at record high of USD 365.82 billion

India's foreign exchange reserves surged by USD 73.2 million to touch a life-time high of USD 365.82 billion in the week ended 12th August. A RBI press release has informed that foreign currency assets, a major part of the overall reserves increased by USD 81.6 million to USD 340.36 billion.In the previous week, the reserves had increased by USD 253.6 million to touch USD 365.75 billion.Gold reserves remained unchanged at USD 21.58 billion in the week. India's special drawing rights with the International Monetary Fund, however, were down by USD 3.2 million to USD 1.49 billion, while the country's reserve position dipped by USD 5.2 million to USD 2.39 billion.

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