| Date: |
26-09-2015 |
| Subject: |
Forex reserves up $631.5 million to $352.02 billion |
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MUMBAI: Country's foreign exchange reserves rose by $631.5 million to $352.02 billion in the week to September 18 due to rise in foreign currency assets, according to RBI data.
In the previous week, the reserves had jumped by a healthy $2.358 billion to $351.389 billion.
Foreign currency assets (FCAs), a major component of overall reserves, grew by $592.7 million to $328.560 billion in the reporting week, the RBI said in a statement.
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.
The gold reserves remained unchanged at $18.035 billion.
India's special drawing rights with the International Monetary Fund jumped by $29.3 million to touch $4.097 billion in the week under review, while the nation's reserve position with the Fund rose by $9.5 million to $1.328 billion, the apex bank said.
Source : economictimes.indiatimes.com
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