The country's foreign exchange reserves rose by USD 1.368 billion to reach USD 420.055 billion in the week to May 10 on account of a rise in foreign currency assets, RBI data showed Friday.
In the previous week, the reserves had increased by USD 171.9 million to USD 418.687 billion.
In the reporting week, foreign currency assets, which are a major component of the overall reserves, swelled by USD 1.358 billion to USD 392.227 billion.
Expressed in dollar terms, foreign currency assets include the effect of appreciation/depreciation of non-US units like the euro, pound and the yen held in the reserves.
Gold reserves remained unchanged at USD 23.021 billion, according to the data.
The special drawing rights with the International Monetary Fund rose by USD 3 million to USD 1.454 billion.
The country's reserve position with the Fund also increased by USD 7 million to USD 3.351 billion, the according to the RBI data.
The forex kitty had touched a life-time high of USD 426.028 billion in the week to April 13, 2018.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app