Mumbai, April 19: India’s foreign exchange (forex) reserves rose by $2.79 billion to $309.44 billion for the week complete April 11, Reserve Bank of India (RBI) knowledge showed.
There was a pointy jump in foreign currency assets.
According to the RBI’s weekly applied mathematics supplement, foreign currency assets, the largest element of the forex reserves, rose by $2.74 billion to $281.55 billion.
Foreign currency assets, expressed in US dollar terms, embody the impact of appreciation or depreciation of non-US currencies control in reserve like the British pound, euro and yen.
India’s reserve position with the International fund (IMF) rose by $14.8 million to $1.84 billion.
The value of special drawing rights (SDRs) raised by $35.9 million to $4.48 billion. However, the value of gold reserves remained unchanged at $21.56 billion.
