India's forex reserves increased to $363.351 billionStaff Writer | July 25, 2016
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.
Asia Foreign Currency Assets in India increased by $1.404 billion
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. ■