India’s forex reserves up at $359.91 bn


Mumbai,(IANS) India’s foreign exchange reserves increased marginally to $359.91 billion as on April 8, the Reserve Bank of India (RBI) said.

According to RBI’s forex data, the reserves stood at $359.91 billion as on April 8 against $359.75 billion for the week ended April 1, 2016.

As an April 8, foreign currency assets stood at $335.84 billion, gold $20.11 billion, special drawing rights $1.5 billion and the reserve position with International Monetary Fund (IMF) stood at $2.45 billion.

On the other hand, the forex reserves for the week ended April 1, 2016, consisted of foreign currency assets of $335.68 billion, gold reserves of $20.11 billion, special drawing rights of $1.50 billion and the reserve position with IMF of $2.45 billion.

Medaram Jathara

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