Forex reserves up USD 458 mn to USD 353.527 bn

Country's foreign exchange reserves increased by USD 458 million to USD 353.527 billion in the week to October 16, on account of rise in foreign currency assets, according to RBI data.
In the previous week, reserves had jumped by a healthy USD 2.263 billion to USD 353.069 billion.
Foreign currency assets (FCAs), a major component of overall reserves, was marginally up by USD 452.5 million to USD 329.970 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 18.151 billion in the week.
India's special drawing rights with the International Monetary Fund rose by USD 4.2 million to touch USD 4.081 billion in the week, while the nation's reserve position with the Fund also grew by USD 1.3 million to USD 1.323 billion, the apex bank said.