Forex reserves up by $2 billion

Increase mainly due to revaluation in foreign currency assets which rose by $1.9 billion

After falling for six consecutive weeks the country's foreign exchange reserves rose nearly by $2 billion to $292 billion in the week ended March 15.

The increase was mainly on account of revaluation in foreign currency assets which rose by $ 1.9 billion in the week.

This is the biggest rise in reserves after September 14, 2012 week when it rose nearly by $ 2.5 billion during the week.

As per data from the Reserve Bank of India, special drawing rights came down marginally  by $3.3 million to $4.3 billion and the position at International Monetary Fund was down by $1.7 million to $2.3 billion. Gold remained unchanged in the week.