India's Forex reserves up by USD 5.35 billion

Mumbai, Oct 19 (UNI) India's forex reserves grew firmly by 5.35 billion US Dollars at USD 256.68 billion in the week ended October 12, as compared to USD 251.33 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 5.34 billion to USD 248.88 from USD 243.524 billion, during the same period.

However, special drawing rights (SDRs) and gold reserves remained flat at USD 2 million and USD 7,367 million respectively.

During the same period, the reserve position in the International Monetary Fund (IMF) remained flat at USD 437 million.

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

UNI