Forex reserves up $500 million at $310 billion

Written by PTI | Mumbai | Updated: May 3 2014, 10:00am hrs
Foreign exchange reserves shot up by $499.8 million to $309.913 billion in the week to April 25 on an increase in the currency assets.

Last week, after rising for seven consecutive weeks, the total reserves had marginally declined by $31.6 million to $309.413 billion. Foreign currency assets (FCAs), a major part of the overall reserves, surged $493.2 million to $282.029 billion for the period under review, RBI said.

Gold reserves remained unchanged at $21.566 billion, as per RBI data.