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  1. India's forex reserves up $1.94 billion

    by , 05-10-2014 at 07:42 PM
    India's forex reserves up $1.94 billion

    India's foreign exchange (forex) reserves rose by $1.94 billion to $311.85 billion for the week ended May 2, led by a sharp jump in overseas currency assets, Reserve Bank of India (RBI) data showed.

    The reserves had gained $499.8 million to reach $309.91 billion for the week ended April 25.

    According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, jumped ...