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Rediff.com  » Business » India's forex reserves up $1.385 billion to $314.92 billion

India's forex reserves up $1.385 billion to $314.92 billion

June 27, 2014 18:12 IST

DollarsIndia's forex reserves rose by $1.385 billion to $314.922 billion in the week to June 20 on account of rise in currency assets.

In the previous week, total reserves increased by $950.9 million to $313.536 billion.

Foreign currency assets, a major constituent of the overall reserves, surged by $1.372 billion to $287.961 billion in the period under review, Reserve Bank said in its weekly statement.

FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the Euro, Pound and Yen held in reserves.

The gold reserves remained unchanged at $20.790 billion in the reporting week.

The special drawing rights was up $9.3 million to $4.456 billion, and the country's reserve position with the International Monetary Fund also rose $3.5 million to $1.714 billion in the period under review, the central bank said.

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