Forex reserves up by USD 920.6 mn to USD 355.35 bn

Country's foreign exchange reserves rose by USD 920.6 million to USD 355.353 billion in the week to August 21, on account of higher foreign currency assets.
In the previous reporting week, the reserves had increased by a healthy USD 1.086 billion to touch USD 354.433 billion. The reserves had touched an all-time high of USD 355.46 billion in the week to June 19.
Foreign currency assets (FCAs), a major component of overall reserves, were up by USD 894.3 billion to USD 331.731 billion in the reporting week, according to the latest Reserve Bank data.
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 stood unchanged at USD 18.250 billion.
India's special drawing rights with the International Monetary Fund rose USD 19.9 million to touch USD 4.075 billion in the week under review, while the nation's reserve position with the Fund were up by USD 6.4 million to USD 1.297 billion, the apex bank said.