Forex reserves rise most in two-and half months, while snapping decline for last five straight weeks
India's foreign exchange (forex) reserves increased US$ 1.31 billion to US$ 312.737 billion in the week ended 10 October 2014. Foreign currency assets moved up US$ 1.297 billion during the week under review to US$ 286.886 billion as on 10 October 2014.Forex reserves have increased US$ 8.514 billion in FY2015 so far, while jumped US$ 33.496.5 billion in the calendar year 2014 so far.
Gold reserves were flat at US$ 20.013 billion in the week ended 10 October 2014. Meanwhile, the Special Drawing Rights (SDRs) and the country's reserve position in the IMF rose slightly to stand at US$ 4.294 billion and US$ 1.544 billion, respectively in the week ended 10 October 2014.
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