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India’s forex down by $1.13 bn

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Chennai: India’s foreign exchange reserves went down by $1.13 billion to $361.99 billion as on May 6, 2016, the Reserve Bank of India (RBI) said.

According to RBI’s forex data, the reserves stood at $361.99 billion as on May 6, 2016 against $363.12 billion as on April 29, 2016.

As on May 6, 2016 the foreign currency assets stood at $337.99 billion, gold $20.04 billion, special drawing rights $1.51 billion and the reserve position with the International Monetary Fund (IMF) stood at $2.44 billion.

On the other hand the forex reserves for the week ended April 29, 2016, consisted of foreign currency assets stood at $339.02 billion, gold $20.11 billion, special drawing rights $1.51 billion and the reserve position with the IMF stood at $2.47 billion.

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