Forex reserves rise to 462.16 bn in the week ended Jan 17

The country's foreign exchange reserves rose 943 million US Dollars to touch a life-time high of 462.16 billion US Dollars in the week ended January 17. The rise in reserves was mainly on account of an increase in foreign currency assets, which rose by 867 million US Dollars to 428.45 billion US Dollars. In the reporting week, gold reserves increased 70 million US Dollars to 28.56 billion US Dollars. The special drawing rights with the International Monetary Fund (IMF) were up by 3 mill...