India’s Forex reserves jump by 4.85 billion dollars to record high of 590.18 billion dollars
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves declined by 164 million dollars to 36.29 billion dollars in the week ended January 29.
The special drawing rights with the International Monetary Fund (IMF) were down by 4 million dollars to 1.51 billion dollars in the reporting week. The country’s reserve position with the IMF also declined by 6 million dollars to 5.16 billion dollars in the week.