India's forex reserves rise $8 mn to $263.6 bn

India's forex reserves rose by $8 million to $263.652 billion for the week ended June 19 as compared to $263.644 billion in the previous week.

Foreign currency assets, during the week, jumped by $10 million to $252.808 billion against $252.798 billion in the previous week, RBI said in its weekly report.

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, RBI said.

During the period, the country's gold reserves and special drawing rights (SDR), remained same at $9.604 billion and $1 million, respectively, the bank said.

 

India's reserve position in the International Monetary Fund (IMF) fell by $2 million to $1.239 billion in the week as compared to $1.241 billion in the previous week, RBI said.