Forex reserves increase to US$ 312.5 billion

Gold reserves decline by US$ 175.4 million to US$ 20.79 billion

India's foreign exchange (forex) reserves increased US$ 203.2 million to US $312.59 billion in the week ended 06 June 2014, driven by increase in foreign currency assets. The forex reserves increased in the week ended 06 June 2014, snapping decline of US$ 273.8 million recorded in the previous week.

Foreign currency assets (FCAs), a major component of the reserves, increased US$ 338.9 million to US$ 285.630 billion in the week ended 06 June 2014. However, the gold reserves declined US$ 175.4 million to US$ 20.79 billion in the week ended 06 June 2014.

The special drawing rights moved up US$ 2.7 million to US$ 4.452 billion, while India's reserve position with the IMF rose by US$ 37 million to US$ 1.712 billion in the week ended 06 June 2014.

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