India’s forex reserves increased by US$3.73 billion to touch US$270.181 billion for the week ended November 9, as compared to US$266.518 billion in the previous week.
The Reserve Bank of India (RBI), on Friday, said in its weekly statistical supplement that the foreign currency assets rose by US$3.66 billion to US$261.92 billion from US$258.264 billion during the same period. Foreign currency assets, as expressed in dollars, include the effect of appreciation or depreciation in non-US currencies (euro, sterling and yen) held in reserves.
As per the figures released by the RBI, the country’s gold assets and SDRs (special drawing rights) remained flat at US$ 7.11 and US$13 million repectively. During the same period, the reserve position in the international monetary fund increased to US$4 million to US$434 million.
