Forex reserves up by USD 347.2 mn to USD 351.831 bn

Image
Press Trust of India Mumbai
Last Updated : Feb 19 2016 | 6:57 PM IST
Country's foreign exchange reserves rose by USD 347.2 million to USD 351.831 billion in the week to February 12, helped by an increase in foreign currency assets (FCAs), according to the Reserve Bank.
In the previous week, the reserves had surged by USD 2.332 billion to USD 351.484 billion in the reporting period.
FCAs, a major component of overall reserves, increased by USD 1.581 billion to USD 330.019 billion in the reporting period, RBI said in a release here today.
FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen, held in the reserves.
The gold reserves remained unchanged at USD 17.696 billion in the week.
India's special drawing rights with the International Monetary Fund (IMF) grew by USD 21.5 million to USD 4.061 billion in the week, while country's reserve position with the Fund declined by USD 1.255 billion to USD 54.2 million, the apex bank said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Feb 19 2016 | 6:57 PM IST

Next Story