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Rediff.com  » Business » Forex reserves at record high of $393.612 billion

Forex reserves at record high of $393.612 billion

Source: PTI
August 18, 2017 23:26 IST
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Gold reserves remained unchanged at $19.943 billion.

The country's foreign exchange reserves rose by $163.8 million to touch a new life-time high of $393.612 billion in the week ended August 11, helped by rise in foreign currency assets (FCAs), the Reserve Bank data showed.

In the previous week, the reserves had increased by $581.1 million to $393.448 billion.

FCAs, a major portion of the overall reserves, rose by $175.6 million to $369.899 billion, the data showed.

 

Expressed in US dollar terms, FCAs include effect of appreciation or depreciation of non-US currencies such as the euro, the pound and the yen held in the reserves.

Gold reserves remained unchanged at $19.943 billion.

The special drawing rights with the International Monetary Fund (IMF) declined by $5.8 million to $1.498 billion.

The country's reserve position with the IMF also dipped by $6 million to $2.271 billion, the apex bank said.

Photograph: Kham/Reuters

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