Down By 1.3 billion
It is believed that the India’s foreign exchange reserves went down by $1.13 billion to $361.99 billion as on May 6, 2016, according to the reports stated by Reserve Bank of India (RBI).
RBI’s stated that the forex data reserves stood at $361.99 billion as on May 6, 2016 against $363.12 billion as on April 29, 2016.
As on May 6, 2016 the foreign currency assets stood at $337.99 billion, gold $20.04 billion,and special drawing rights $1.51 billion and the reserve position with the International Monetary Fund (IMF) stood at $2.44 billion.
On the other hand the forex reserves for the week ended April 29, 2016, consisted of foreign currency assets stood at $339.02 billion, gold $20.11 billion, special drawing rights $1.51 billion and the reserve position with the IMF stood at $2.47 billion.