India's forex reserves surged by 1.432 billion US dollar to 316.311 billion dollar in the week ended 28th November. A RBI press release has informed that foreign currency assets, a major part of the overall reserves, increased by 1.424 billion dollar to 290.822 billion dollar in the reporting week. In the previous week, total reserves had declined by 672.4 million dollar to 314.878 billion dollar. The country's gold reserves remained unchanged at 19.738 billion dollar. The Special Drawing Rights increased by 6.4 million dollar to 4.229 billion dollar, while the country's reserve position with the IMF also rose by 2.5 million dollar to 1.521 billion dollar during the week.
News On AIR | December 6, 2014 2:26 PM
India forex reserves up $ 1.432 billion to $ 316.311 billion