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India's Foreign Exchange Reserves Rise To Over $457 Billion

The Reserve Bank of India's reserves rose by $2.52 billion during the week under review, official data showed on Friday.

Mumbai: India's foreign exchange reserves continued to rise during the week ended December 27 to touch a new record high.
The Reserve Bank of India's reserves rose by $2.52 billion during the week under review, official data showed on Friday.

According to the RBI's weekly statistical supplement, the overall forex reserves increased to $457.46 billion from $454.94 billion reported for the week ended December 20.

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF).

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