Mumbai: India's foreign exchange reserves increased $1.4 billion to $294 billion in the week ended April 20. The reserves have increased $205 million since the start of this financial year.
Data released by the Reserve Bank of India (RBI) on Friday showed the rise was on the back of foreign currency assets that grew $1.4 billion to $260 billion as on April 20. Foreign currency assets have increased $149 million since the start of this financial year. RBI said the data includes the effect of appreciation or depreciation of non-US currencies held in reserves, such as the euro, sterling and yen.
Gold remained unchanged at $27 billion in the week.
India’s special drawing rights were up $5.2 million to $4.4 billion while the position at International Monetary Fund was also up $3.4 million to $2.9 billion in the same period.
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