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India’s forex reserves at $360 bn

forex

Chennai: India’s foreign exchange reserves went down to $360.90 billion as on May 20, the Reserve Bank of India (RBI) said.

According to the foreign exchange data released by RBI, the foreign exchange reserves stood at $360.90 billion as on May 20, against $361.02 billion as on May 13.

On May 20, the foreign currency assets stood at $336.93 billion, gold $20.04 billion, special drawing rights $1.49 billion and the reserve postion with the International Monetary Fund (IMF) stood at $2.42 billion.

On the other hand, the foreign exchange reserves as on May 13, comprised foreign currency assets that stood at $337.04 billion, gold $20.04 billion, special drawing rights $1.50 billion and the reserve position with the IMF stood at $2.43 billion.

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