India’s forex reserves dips

India’s forex reserves dips marginally to $360.19 bn

Chennai, June 4 (IANS) India’s foreign exchange reserves dipped marginally to $360.19 billion as on May 27, the Reserve Bank of India (RBI) has said.

According to the foreign exchange data released by RBI, the foreign exchange reserves stood at $360.19 billion as on May 27, as against $360.90 billion as on May 20.

On May 27, the foreign current assets stood at $336.22 billion, gold $20.04 billion, special drawing rights $1.49 billion and the reserve position with the International Monetary Fund (IMF) stood at $2.42 billion.

On the other hand the foreign exchange reserves as on May 20 comprised of foreign currency assets that stood at $336.93 billion, gold $20.04 billion, special drawing rights $1.49 billion and the reserve position with the IMF stood at $2.42 billion.

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