India’s forex reserves touch $687.19 bn
image for illustrative purpose
Mumbai: India’s forex reserves increased by $ 392 million to $ 687.19 billion during the week ended January 9, the Reserve Bank of India said on Friday.
In the previous reporting week, the overall kitty had dropped by $ 9.809 billion to $ 686.80 billion.
For the week ended January 9, foreign currency assets, a major component of reserves, decreased by $ 1.124 billion to $ 550.866 billion, the central bank’s data showed.
Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.
Value of the gold reserves jumped by $ 1.568 billion to $ 112.83 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by $ 39 million to $ 18.739 billion, the apex bank said.
