Forex reserves up by $3.23 bn to $287.73 bn

The country's forex reserves rose by $3.23 billion to $287.73 billion last week from $284.50 billion in the previous week, according to the Reserve Bank of India (RBI) data released today.

Foreign currency assets, a major component of the forex kitty, shot up by $3.18 billion to $260.75 billion in the week ended September 10, the RBI data showed.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies held in reserves, such as the euro, pound and yen, the apex bank said.

Gold reserves remained unchanged at a little over $20 billion, while there was a marginal $9 million fall in India's Special Drawing Rights (SDRs) to $4.986 billion, the data showed.

The country's reserve position in the International Monetary Fund was also marginally down by $4 million to $1.937 billion, the apex bank data showed.