India Gold reserves unchanged at $26.29 billion
India's central bank, the RBI in a release said country's foreign exchange (forex) reserves increased by $1.96 billion to $292.31 billion for the week ended March 15.
India's gold reserves remained unchanged at $26.29 billion for the week ended March 8.
India's central bank, the RBI in a release said country's foreign exchange (forex) reserves increased by $1.96 billion to $292.31 billion for the week ended March 15.
The reserves had decreased by $223.9 million to $290.35 billion for the week ended March 8. The foreign currency assets (FCA) - the biggest component of the forex reserves - grew by $1.97 billion at $259.35 billion.
The FCA dipped by $225.5 million at $257.38 billion in the previous week. The central bank said FCA in US dollar terms included the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen.
However, the special drawing rights (SDRs) decreased by $ 3.3 million to $4.34 billion during the week under review, while reserves with the International Monetary Fund (IMF) went down by $1.7 million to $ 2.32 billion.
The SDRs had increased by $1.1 million to $4.35 billion during the previous week, while reserves with the IMF had marginally went up by $0.5 million to $2.32 billion.
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