Forex reserves up USD 1.5 bn to USD 287.38 bn

The total reserves had fallen by USD 2.40 billion to USD 285.86 billion in the previous reporting week.

Foreign currency assets (FCAs), a major component of the forex reserves, were up by USD 1.50 billion to USD 254.60 billion for the week ended June 8, Reserve Bank's weekly statistical supplement 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 USD 25.58 billion, the apex bank said.

For the week under review, the special drawing rights (SDRs) were up by USD 13.3 million to USD 4.360 billion, while India's reserve position with the IMF was also up USD 8.7 million to USD 2.840 billion, it added.