 "Forex reserve at record high of $365.82 billion")
The country's foreign exchange (forex) reserves surged by $73.2 million to touch a life-time high of $365.82 billion in the week to August 12, helped by increase in foreign currency assets, the Reserve Bank said on Friday.
In the previous week, the reserves had increased by $253.6 million to touch $365.75 billion.
Foreign currency assets (FCAs), a major component of the overall reserves, increased by $81.6 million to $340.36 billion.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of non-US currencies such as euro, pound and yen held in the reserves.
The country's special drawing rights with International Monetary Fund declined by $3.2 million to $1.49 billion, while the reserve position was down by $5.2 million to $2.39 billion, RBI said.
In the previous week, the reserves had increased by $253.6 million to touch $365.75 billion.
Foreign currency assets (FCAs), a major component of the overall reserves, increased by $81.6 million to $340.36 billion.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of non-US currencies such as euro, pound and yen held in the reserves.
The country's special drawing rights with International Monetary Fund declined by $3.2 million to $1.49 billion, while the reserve position was down by $5.2 million to $2.39 billion, RBI said.
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