Mumbai, April 19 :
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.
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.