| Date: |
17-01-2015 |
| Subject: |
India's forex reserves up $236 million to $319 billion |
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MUMBAI: India's foreign exchange reserves surged by $ 236.4 million to $ 319.475 billion in the week to January 9 on account of a jump in foreign currency assets.
The reserves had decreased by $ 471.4 million to $ 319.238 billion in the previous week.
The foreign currency assets (FCAs), a major constituent of overall reserves, jumped $ 308.5 million to $ 294.845 billion in the reporting week, RBI data showed today.
FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and yen, held in reserves.
The country's gold reserves remained unchanged at $ 19.377 billion.
Special Drawing Rights (SDRs) decreased by $ 56.7 million to $ 4.128 billion, while India's reserve position with the IMF dipped by $ 15.4 million to $ 1.123 billion during the week, the data showed.
Source : economictimes.indiatimes.com
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