| Date: |
12-12-2015 |
| Subject: |
Forex reserves jump $483 million to $352 billion |
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MUMBAI: Country's foreign exchange reserves rose by $483.2 million to reach $352.098 billion in the week to December 4, helped by increase in foreign currency assets (FCAs), according to the RBI data.
In the previous week, reserves had fallen by $750.2 million to $351.615 billion.
FCAs, a major component of overall reserves, rose by a healthy $1.580 billion to $329.249 billion in the reported period, RBI said in a release here today.
FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen, held in the reserves.
After remaining stable for previous few weeks, the gold reserves fell by $1.148 billion to $17.543 billion in the period.
India's special drawing rights with the International Monetary Fund rose by $38.1 million to $4.006 billion in the week, while country's reserve position with the Fund increased by $12.3 million to $1.298 billion, the apex bank said.
Source : economictimes.indiatimes.com
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