India's foreign exchange reserves increased by $2.563 billion to $294.158 billion for the week ended Oct 1, registering a gain for the third straight week on account of revaluation.
Foreign currency reserve rose $1.978 billion to $266.507 billion during the week, according to the Reserve Bank of India's weekly statistical supplement.
The value of gold reserves increased $508 million to $20.516 billion, Special Drawing Rights (SDRs) rose $56 million to $5.139 billion and reserve with International Monetary Fund increased $21 million to $1.996 billion.
However, the value of total reserves in Indian currency declined Rs.16,214 crore to Rs.13,14,789 crore.
Read more...
The Times of India
Foreign currency reserve rose $1.978 billion to $266.507 billion during the week, according to the Reserve Bank of India's weekly statistical supplement.
The value of gold reserves increased $508 million to $20.516 billion, Special Drawing Rights (SDRs) rose $56 million to $5.139 billion and reserve with International Monetary Fund increased $21 million to $1.996 billion.
However, the value of total reserves in Indian currency declined Rs.16,214 crore to Rs.13,14,789 crore.
Read more...
The Times of India
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