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India's forex reserves increased to $363.351 billion

Staff Writer |
India's foreign exchange reserves increased by $1.408 billion to $363.351 billion in the week ended July 15, the Reserve Bank of India said.

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India's India's reserve position in the International Monetary Fund (IMF) increased by $2.3 million to $2.391 billion, the bulletin added.

Foreign Currency Assets (FCAs) increased by $1.404 billion to reach at $338.897 billion.

According to the bulletin, the country’s gold reserves remained unchanged at $20.576 billion whereas its special drawing rights (SDR) went up by $1.4 million to $1.485 billion.

In the last week, the Forex reserves had dropped to $361.943 billion, a decline of $1.228 billion.