India Forex Reserves Increase

Friday, the Reserve Bank of India said in a report that nation's foreign exchange reserves stood at US$ 267.711 billion as on July 24, up from US$ 266.187 billion as on July 17.

At the same time, gold reserves remained unchanged at US$ 9,800 billion. Foreign currency assets amounted to US$ 256.657 billion, larger than the US$ 255.138 billion in the previous week.

Meanwhile, nation's reserve position with the International Monetary Fund totaled US$ 1.253 billion versus US$ 1.248 billion in the preceding week.