Forex reserves rise USD 544.7 mn to USD 275.35 bn

India's foreign exchange reserves strengthened by USD 544.7 million to USD 275.35 billion on a healthy increase in the core currency assets in the week ended September 13, Reserve Bank said today.
The total reserves had dipped by USD 685.1 million to USD 274.81 billion in the previous reporting week.
Foreign currency assets (FCAs), a major component of the reserves, moved up by USD 500.5 million to USD 247.46 billion for the week ended September 13, the RBI said in its weekly statement.
FCAs, expressed in dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.

For the week, the gold reserves remained unchanged at USD 21.724 billion, the central bank said. The gold reserves were also unchanged in the previous reporting week.
The special drawing rights (SDRs) increased USD 30.3 million to USD 4.385 billion, while India's reserve position with the International Monetary Fund was up USD 13.9 million to USD 1.995 billion, the RBI data showed.