Forex reserves up by $1.023 bn to $285.414 bn

India's foreign exchange reserves increased by $1.023 billion to $285.414 billion for the week ended November 6.

Foreign exchange reserves stood at $284.391 billion in the previous week.

Foreign currency assets, during the period, declined by $4.811 billion to $261.957 billion as compared to $266.768 billion in the previous week, RBI said in its weekly report today.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling, Yen held in reserves, the RBI said.

In the period under review, the country's gold reserves increased by $6.7 billion to $17.5 billion as compared to $10.8 billion in the previous week.

 

The special drawing rights (SDRs) went up to $5.258 billion in the week as compared to $5.242 billion in the previous week, the Central bank said.

The country's reserve position in the international monetary fund dipped by $882 million to $699 million as against $1.581 billion in the last week, the RBI said.