India’s foreign exchange reserve reaches 493.48 billion US dollars
In the previous week, the reserves had increased by three billion dollars to end at 490.044 billion dollars. Total value of the gold reserves, however, continued to decline. Gold reserves went down by 97 million dollars to end at 32.682 billion dollars. India’s special drawing rights with the International Monetary Fund remained unchanged at 1.43 billion dollars, while the country’s reserve position rose by 31 million dollars to 4.16 billion dollars.