Forex Reserves Down $970 Million: RBI

Chennai: The country's foreign exchange reserves went down marginally by $970 million to $361 billion as of May 13, the Reserve Bank of India (RBI) said.

According to the RBI's foreign exchange data, the reserves stood at $361.02 billion as of May 13, as against $361.99 billion as of May 6.

On May 13, the foreign currency assets stood at $337.04 billion, gold at $20.04 billion and special drawing rights at $1.50 billion. India's reserve position with the International Monetary Fund (IMF) stood at $2.43 billion.

On the other hand, the foreign exchange reserves as of May 6 comprised foreign currency assets that stood at $337.99 billion, gold at $20.04 billion, special drawing rights at $1.51 billion and the reserve position with the IMF at $2.44 billion.