News

Forex reserves up by $53 million
Foreign currency assets of Reserve Bank of India increased by $53 million during the week ended May 22. Following this foreign exchange reserves jumped by $53 million to $28,719 million on May 22. Foreign current assets stood at $25,522 million, gold $3,184 million and special drawing rights at $13 million. In the current financial year forex assets of the central bank have declined by $453 million, value of gold dropped by $207 million and SDR stock increased by $121 million.