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Forex reserves surge past $95 b

MUMBAI NOV. 29. India's foreign exchange reserves witnessed a massive jump with a further accretion of $1.710 billion, a record rise in the current fiscal, to surge past the $95 billion mark for the week ended November 21.

Foreign exchange reserves increased from $93.663 to $95.373 billion in the period under review, according to the Reserve Bank of India's weekly statistical supplement released here today. Foreign currency assets rose to $91.450 billion, up $1.710 billion, it said.

Gold reserves and special drawing rights remained static at $3.920 billion and $3 million respectively, the central bank added. — PTI

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