Rising for the eighth consecutive week, India's foreign exchange reserves have swelled by 2.714 billion US Dollar to 320.564 billion US Dollar for the week ending 25th July. With this jump, the total reserves are close to an all-time high of 321 billion US Dollar achieved in late 2011.A Reserve Bank of India press release said that foreign currency assets, a major part of the overall reserves, rose by USD 2.73 billion to USD 293.78 billion in the reporting week. The overall reserves had increased by USD 813.2 million to USD 317.85 billion in the previous reporting week.The gold reserves remained stable at USD 20.634 billion in the reporting week. The special drawing rights were down USD 13.6 million to USD 4.437 billion, and the country's reserve position with the IMF also dipped USD 5.3 million to USD 1.707 billion during the week.
News On AIR | August 1, 2014 8:15 PM
India's forex reserves up by $2.714 bn for week ending 25th July