Forex reserves up $899 million at $285.161 billion

India's foreign exchange reserves climbed by $899 million for the week ended January 15 to $285.161 billion.

MUMBAI: India's foreign exchange reserves climbed by $899 million for the week ended January 15 to $285.161 billion.

Previous week they stood at $284.262 billion. Foreign currency assets, during the week, went up $853 million to $260.259 billion against $259.406 billion in the week-ago period, the Reserve Bank said in its weekly statistical supplement.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in the reserves, the RBI said.

Gold reserves, during the week, remained static at $18.292 billion, while Special Drawing Rights rose to $5.181 billion compared to $5.145 billion in the previous week, the apex bank said.

India's reserve position in the International Monetary Fund jumped marginally to $1.429 billion during the week compared to $1.419 billion last week, the RBI said.
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