Improved capital inflows boosts forex reserve's level
India's foreign exchange (forex) reserves increased US$ 856.6 million to US$ 315.77 billion in the week ended 27 June 2014. Foreign currency assets moved up US$ 850.9 million during the week under review to stand at $288.81 billion as on 27 June 2014. An increase in forex reseves was mainly driven by purchases of forex by the Reserve Bank of India (RBI) owing to higher dollar inflows.Gold reserves remained unchanged at US$ 20.79 billion in the week ended 27 June 2014. Further, the Special Drawing Rights (SDRs) and the country's reserve position in the IMF increased US$ 4 million to US$ 4.46 billion and US$ 1.7 million to US$ 1.72 billion as on 27 June 2014.
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