Forex reserves up $2.263 bn to $353.069 bn

Foreign currency assets grew by $2.222 billion to $329.517 billion in the week

The country's foreign exchange reserves jumped by a healthy $2.263 billion to $353.069 billion in the week to October 9, helped by rise in foreign currency assets, according to RBI data.

In the previous fortnight, the reserves had increased by $827.4 million to $350.805 billion.

Foreign currency assets (FCAs), a major component of overall reserves, grew by $2.222 billion to $329.517 billion in the week, 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 $18.151 billion in the reporting week.
 
India's special drawing rights with the International Monetary Fund rose by $30.4 million to touch $4.077 billion in the week, while the nation's reserve position with the Fund also grew by $10.5 million to $1.321 billion, the apex bank said.