Forex 106

Indian forex reserves rise to $367 bn


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The country’s foreign exchange reserves crossed $367.16 billion mark as on August 19, the Reserve Bank of India has revealed.

The foreign exchange reserves stood at $367.16 billion as on August 19. It stood at $365.82 billion a week ago (on August 12), the apex bank stated while releasing the foreign exchange statistics.

India’s foreign current assets stood at $341.67 billion, gold $21.58 billion, special drawing rights $1.49 billion and the reserve position with the International Monetary Fund (IMF) stood at $2.41 billion as on August 19.

However, the foreign exchange reserves as on August 12 comprised of foreign currency assets that stood at $340.35 billion, gold $21.58 billion, special drawing rights $1.48 billion and the reserve position with the IMF stood at $2.39 billion.

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