Forex reserves up by USD 1.31 billion

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Mumbai, Nov 2 (UNI) India's forex reserves witnessed a rise of 4.76 billion US Dollars to USD 262.45 billion in the week ended October 26, as compared to USD 261.14 billion in the previous week.

The Reserve Bank of India (RBI) today said, in its weekly statistical supplement, the foreign currency and assets rose by USD 1.31 billion to USD 254.63 from USD 253.32 billion, during the same period.

Moreover, special drawing rights (SDRs) and gold reserves were flat during the week at USD 13 million and USD 7,367 million respectively.

During the same period, the reserve position in the International Monetary Fund (IMF) grew by 2 million to USD 441 million from USD 439 million in the previous week.

Foreign currency assets expressed in USD, include the effect of appreciation or depreciation, on non-US currencies (such as Euro, Pound Sterling and Yen).

UNI

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