India's forex kitty stays almost flat at $289.17 bn

India's foreign exchange reserves rose by $17.8 million to $289.17 billion for the week ended August 10, the
Reserve Bank said today.

The reserves had increased by $502 million to $289.15 billion in the previous reporting week.

Foreign currency assets (FCAs), a major component of the forex reserves, were down by $34.1 million to $256.92 billion for the
week under review, the RBI said.

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

The gold reserves were unchanged at $25.71 billion, the apex bank said.

For the week under review, the special drawing rights (SDRs) were down by $1.5 million to $4.348 billion, while the country's reserve
position with the IMF was up by a surprising $53.4 million to $2,187 million, the apex bank data showed.