Reserve bank of Australia’s report on foreign reserve data showed improvement on total reserve assets compared to year ago.
On monthly basis, Total reserve assets little down to A$ 79.86 billion In April, compared with A$ 79.97 billion in the previous month. Foreign currency reserves valued at A$ 69.46 billion while value of reserves on SDRs at A$ 5.23 and gold reserves valued at A$ 4.35 billion. The reserve position in IMF increased to A$ 819 million.
On Yearly basis, Total reserve asset jumped by A$ 10.37 billion to A$ 79.86 billion In April, compared with A$ 65.72 billion in the year ago period.
In U.S. dollar terms, Total reserves dropped by US$ 1.43 billion to US$ 59.69 In April from US$ 61.13 recorded in the previous month.