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Forex reserves up at $118.57 b

MUMBAI, MAY 15. India's foreign exchange reserves rose further by $89 million to $118.57 billion for the week ended May 7. Foreign currency assets increased by $84 million to $113.09 billion during the period under review, according to the Reserve Bank of India's weekly statistical supplement issued here today.

Gold reserves and special drawing rights remained static at $4.191 billion and $2 million respectively. India's Reserve Tranche Position (RTP) with the International Monetary Fund (IMF) increased by $5 million to $1.291 billion.

PTI

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