Business Standard

Country's forex reserves jump $2.44 bn to $294.5 bn

The gold reserves remained unchanged at $26 bn during the week

Press Trust of India  |  Mumbai 

India's foreign exchange reserves rose by $2.44 billion to $294.47 billion on the back of a healthy increase in the currency assets during the week ended September 14.

The total reserves had risen $1.58 billion to $292 billion in the previous week.

Foreign currency assets (FCAs), a major component of the forex reserves, shot up by $2.39 billion to $261.51 billion for the week under review, the Reserve Bank's weekly statistical data showed today.

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 remained unchanged at $26.24 billion during the week, the apex bank said.

For the week under review, the special drawing rights (SDRs) were up by $65.4 million to $4.471 billion, while the country's reserve position with the IMF was up $32.9 million to $2.249 billion, the apex bank data showed.

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Country's forex reserves jump $2.44 bn to $294.5 bn

The gold reserves remained unchanged at $26 bn during the week

The total reserves had risen $1.58 billion to $292 billion in the previous week.

India's foreign exchange reserves rose by $2.44 billion to $294.47 billion on the back of a healthy increase in the currency assets during the week ended September 14.

The total reserves had risen $1.58 billion to $292 billion in the previous week.

Foreign currency assets (FCAs), a major component of the forex reserves, shot up by $2.39 billion to $261.51 billion for the week under review, the Reserve Bank's weekly statistical data showed today.

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 remained unchanged at $26.24 billion during the week, the apex bank said.

For the week under review, the special drawing rights (SDRs) were up by $65.4 million to $4.471 billion, while the country's reserve position with the IMF was up $32.9 million to $2.249 billion, the apex bank data showed.

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