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Rediff.com  » Business » India's forex reserves up $2.263 billion to $353.069 billion

India's forex reserves up $2.263 billion to $353.069 billion

Source: PTI
October 16, 2015 18:17 IST
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US dollarsThe country's foreign exchange reserves jumped by a healthy $2.263 billion to $353.069 billion in the week to October 9, helped by rise in foreign currency assets, according to Reserve Bank of India data.

In the previous fortnight, the reserves had increased by $827.4 million to $350.805 billion.

Foreign currency assets, a major component of overall reserves, grew by $2.222 billion to $329.517 billion in the week, RBI said.

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 $18.151 billion in the reporting week.

India's special drawing rights with the International Monetary Fund rose by $30.4 million to touch $4.077 billion in the week, while the nation's reserve position with the Fund also grew by USD 10.5 million to $1.321 billion, the apex bank said.

 

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