MUMBAI: India's foreign exchange (forex) reserves rose by $1.61 billion to $318.22 billion for the week ended Aug 19 as compared to $316.60 bilhttp://www.blogger.com/img/blank.giflion in the previous week, official data Saturday showed.
The forex reserves rose for the first time in the last three weeks. The forex reserves kitty had dropped by $621 million and $1.86 billion respectively during the previous two weeks after surging to an all-time high of $319.08 billion recorded during the week ended July 29.
Foreign currency assets, the biggest component of the forex reserves kitty, rose by $1.58 billion to $285.25 billion during the week ended Aug 19, according to the weekly statistical supplement of the Reserve Bank of India.
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