Forex reserves rise to five month high of US$320 billion as on 19 December
India's foreign exchange (forex) reserves jumped US$ 316 billion to five-month high of US$ 319.98 billion in the week ended 19 December 2014. Foreign currency assets moved up US$ 3.31 billion during the week under review to US$ 295.67 billion as on 19 December 2014.Forex reserves have increased US$ 15.77 billion in FY2015 so far, while jumped US$ 24.49 billion in the calendar year 2014 so far.
Gold reserves were flat at US$ 18.99 billion in the week ended 19 December 2014. Meanwhile, the Special Drawing Rights (SDRs) and the country's reserve position in the IMF declined to stand at US$ 4.2 billion and US$ 1.14 billion, respectively in the week ended 19 December 2014.
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