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Forex reserves rise to $309.44 billion
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SME Times News Bureau | 19 Apr, 2014
India's foreign exchange (forex) reserves rose by $2.79 billion to $309.44 billion for the week ended April 11, Reserve Bank of India (RBI) data showed.
There was a sharp jump in foreign currency assets.
According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, rose by $2.74 billion to $281.55 billion.
Foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies held in reserve such as the pound sterling, euro and yen.
India's reserve position with the International Monetary Fund (IMF) rose by $14.8 million to $1.84 billion.
The value of special drawing rights (SDRs) increased by $35.9 million to $4.48 billion. However, the value of gold reserves remained unchanged at $21.56 billion.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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