Foreign exchange reserves rose by $954.6 mn for week ending Feb 28

The country's foreign exchange reserves rose by $ 954.6 million for the week ending February 28 to $ 294.36 billion, shows Reserve Bank of India (RBI) data released Friday.

Foreign currency assets, a key component of reserves, rose by $ 33.6 million to $266.90 billion. Gold reserves rose by $ 902.3 million to $ 20.98 billion.

For the week under review, the Special Drawing Rights (SDRs) rose by $ 13 million to $ 4.47 billion, while India's reserve position with the International Monetary Fund was up $ 5.7 million to $ 2.01 billion.

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