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Forex reserves up by $488.2 mn to $401.385 bn

India's reserve position with the IMF also increased by $6.1 million to $2.275 billion

Press Trust of India  |  Mumbai 

forex, foreign exchange reserves
An illustration picture shows euro and US dollar banknotes and coins

The country's rose by $488.2 million to $401.385 billion in the week to December 15 on account of rising in foreign currency assets, the of India said on Friday.

In the previous week, the reserves had declined by $1.044 billion to $400.897 billion.

In the reporting week, the foreign currency reserves, a major component of the overall reserves, rose by $478.3 million to $376.906 billion, according to data.

Expressed in US dollar terms, foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the and the yen held in the reserves. Gold reserves remained unchanged at $ 20.703 billion.

The special drawing rights with the (IMF) rose by $3.8 million to $1.5 billion.

The country's reserve position with the also increased by $6.1 million to $2.275 billion, the central bank said.

First Published: Fri, December 22 2017. 21:26 IST