India’s Foreign Exchange Reserves Rise By $4.3 Billion as on April 26: RBI
- The Reserve Bank of India (RBI) released a data on May 3, 2019 stating that India’s Foreign Exchange Reserves increased by $4.368 billion to $418.515 billion in the week ending April 26 helped by the second dollar-rupee swap auction.
- Within the foreign exchange reserves, the foreign currency assets rose by USD 4.387 billion to USD 390.421 billion.
- Gold reserves remained unchanged at USD 23.303 billion.
- Special drawing rights with the International Monetary Fund was down by USD 5.9 million to USD 1.449 billion.
- India’s reserve position with the Fund also declined USD 13.6 million to USD 3.341 billion.