India’s Forex reserves up by USD 625.5 mn to USD 360.296 bn

India's foreign exchange reserves have recorded a rise of USD 625.5 million to reach USD 360.296 billion in the week ended 30th December 2016.

A RBI press release has informed that foreign currency assets, a major part of the overall reserves increased by USD 612.4 million to USD 336.582 billion.In the previous week, the reserves had declined by USD 935.2 million to USD 359.671 billion. Gold reserves remained steady at USD 19.982 billion.

India's special drawing rights with the International Monetary Fund also rose by USD 4.9 million to USD 1.432 billion, while the country's reserve position too increased by USD 8.2 million to USD 2.299 billion.

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