India's forex reserves up $856.6 million to $315.7 billion

India's forex reserves surged $856.6 million to $315.778 billion in the week to June 27, on account of rise in currency assets.

In the previous week, the total reserves had increased by $1.385 billion to $314.922 billion.

Foreign currency assets (FCAs), a major constituent of the overall reserves, rose $850.9 million to $288.812 billion in the period under review, the Reserve Bank said in its weekly statement here today.

FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the Euro, Pound and Yen held in reserves.

The gold reserves remained unchanged at $20.790 billion in the reporting week.

The special drawing rights was up $4 million to $4.460 billion, and the country's reserve position with the IMF also rose $1.7 million to $1.716 billion in the period under review, the central bank said.