India’s foreign exchange reserves rise to $363 billion

Chennai, May 7 (IANS) India’s foreign exchange reserves increased by $1.52 billion to $363.12 billion as on April 29, 2016, the Reserve Bank of India (RBI) has said.

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According to the RBI’s forex data, the reserves stood at $363.12 billion as on April 29 against $361.60 billion for the week ended April 22, 2016.

As on April 29, foreign currency assets stood at $339.02 billion, gold $20.11 billion, special drawing rights $1.51 billion and the reserve position with International Monetary Fund (IMF) stood at $2.47 billion.

On the other hand, the forex reserves for the week ended April 22, 2016, consisted of foreign currency assets of $337.53 billion, gold reserves of $20.11 billion, special drawing rights of $1.49 billion and the reserve position with IMF of $2.45 billion.

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