India’s forex reserves increased by US$952 million to stand at US$204.934 billion during the week ended May 25, as against US$203.982 billion during the seven day period ended May 18.
The reserves had decreased by US$9 million during the week ended May 18 as compared to the preceeding seven-day period. Foreign Currency Assets increased by US$953 million to US$197.438 billion during the week ended May 18, as per figures released by the Reserve Bank of India.
Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling and Yen held in reserves. Both Special Drawing Rights and gold reserves remained static at US$1 million and US$7.036 billion respectively. Reserve position in the International Monetary Fund declined by US$1 million to stand at US$459 million.
