India’s Foreign Exchange Reserves up by $2.66 Billion

India’s foreign exchange reserves went up by $2.66 billion to $322.14 billion as on Jan 16 due to increase in foreign currency assets as compared to the position a week ago, the Reserve Bank of India (RBI) said Friday. In its weekly statistical bulletin supplement, the RBI said the foreign exchange reserves stood at $322.14 billion Jan 16 as against $319.48 billion Jan 9.

According to the RBI, the foreign currency assets Jan 16 stood at $297.53 billion as compared to $294.84 billion Jan 9. While the gold reserves remained unchanged at $19.377 billion during the period under review, the special drawing rights went down to $4.109 billion from $4.128 billion. The reserve position with the International Monetary Fund too dipped to $1.118 billion Jan 16 from $1.123 billion Jan 9. (IANS)

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