India’s Foreign Exchange Reserves increases by USD 63.7 million

India’s foreign exchange reserves , also known as for-ex reserve, increased by USD 63.7 million to USD 362.79 billion in the week ended 24th February 2017, the RBI said in a statement on Friday.

The apex bank said, the foreign currency assets, a major part of the overall reserves, increased by 63.4 million to USD 339.783 billion. In the previous week, the reserves had declined by USD 56.8 million to USD 362.73 billion.

Gold reserves remained unchanged at 19.248 billion.

India’s special drawing rights with the International Monetary Fund rose by a marginal USD 100,000 to USD 1.444 billion, while the country’s reserve position also increased by USD 0.2 million to USD 2.318 billion.

For-ex reserveForeign currency assetsindian economyRBI