Foreign reserves reclaimed the $400-billion mark again

Posted by Daily Shipping Times on 04-12-2017        Tweet

MUMBAI: India's foreign exchange reserves reclaimed the $400-billion mark again, rising by $1.208 billion to touch $400.741 billion in the week to November 24, according to the weekly data from the Reserve Bank.

In the previous week, the reserves rose by $240.4 million to $399.533 billion, as per the Central Bank data.

The foreign currency reserves increased by $1.208 billion to $376.304 billion for the reporting week, the RBI said. Expressed in the US dollar terms, foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves.

Gold reserves remained unchanged at $20.666 billion. The special drawing rights with the International Monetary Fund marginally declined by $0.1 million to $1.497 billion.