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Forex chest swells to all-time high of $391 bn: RBI

The record high was aided by an increase in foreign currency assets

Press Trust of India  |  Mumbai 

Representative image
Representative image

India's touched a new record high of $391.33 billion after it rose by $2.27 billion in the week to July 21, aided by an increase in (FCAs), data showed.

In the previous week, the reserves had risen by $2.68 billion to $389.06 billion.

FCAs, a key component of overall reserves, surged by $2.24 billion to $367.15 billion, according to data.

Expressed in terms, FCAs include effect of or of such as the euro, the pound and the held in the reserves.

remained unchanged at $20.35 billion.

The special drawing rights with the International Monetary Fund (IMF) went up by $12.1 million to $1.491 billion.

The country's reserve position with the too increased by $19 million to $2.341 billion.

First Published: Fri, July 28 2017. 18:46 IST