India’s forex increased marginally to $361 billion

India’s foreign exchange reserves increased marginally to $361.60 billion as on April 22, 2016, the Reserve Bank of India (RBI) said.

According to RBI’s forex data the reserves stood at $361.60 billion as on April 22 against $360.25 billion for the week ended April 15, 2016.

India ranking is slightly higher than that Russia may be a solace but when you compare the o… Read MoreGodfather Senior See All Comments Add Comment As on April 22, foreign currency assets stood at $337.53 billion, gold $20.11 billion, special drawing rights $1.49 billion and the reserve position with International Monetary Fund (IMF) stood at $2.45 billion.

On the other hand, the forex reserves for the week ended April 15, 2016, consisted of foreign currency assets of $336.18 billion, gold reserves of $20.11 billion, (TOI News)