Forex reserves zoom $2.79 billion to $309.44 billion

India’s  foreign exchange reserves jumped by $2.797 billion to $309.444 billion in the week ended april 11 on the back of a healthy rise in currency assets. The total reserves had shot up by $2.974 billion to $309.444 billion in the previous week.

FCAs a major part of the overall reserves, rose$2.746 bn to $281.552 bn for the week ended april 11 RBI said. The gold reserves remenied unchanged at $21.566 billion as per the RBI data.

The special drawing rights rose $35.9 million to $4.483 billion, and india’s reserve position with the IMF jumped $14.8 million to $1.841 billion.
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