India’s foreign exchange reserves stand at $322 bn
Chennai, Jan 23 (IANS) 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.