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Forex reserves increase by $3.6 billion to record $545.63 billion

Gold reserves were up by USD 486 million in the reporting week to $36.486 billion, the RBI data showed.

Topics
Forex  | RBI

Press Trust of India 

forex

The country's foreign exchange reserves rose by $3.618 billion to reach a life-time high of $545.638 billion in the week ended October 2, 2020, the data showed.

In the previous week ended September 25, the reserves had declined by $3.017 billion to $542.021 billion.

During the reporting week, the increase in kitty was on account of rise in foreign currency assets (FCA), a major component of the overall reserves. FCA increased by $ 3.104 billion to $ 503.046 billion in the week ended October 2, the data showed.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Gold reserves were up by $ 486 million in the reporting week to $ 36.486 billion, the data showed.

The special drawing rights with the International Monetary Fund (IMF) rose by $ 4 million to $ 1.476 billion during the week.

The country's reserve position with the IMF was also up by $ 23 million to $ 4.631 billion during the reporting week, the data showed.

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First Published: Fri, October 09 2020. 22:39 IST
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