Forex reserves up at $286.376 billion

India's foreign exchange reserves rose by $0.962 million to $286.376 billion for the week ended November 13 from $285.414 billion in the previous week, the Reserve Bank of India (RBI) said today.

Foreign currency assets (FCAs) during the week went up to $262.905 billion as against $261.957 billion in the week-ago period, the RBI said in its weekly report.

FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in reserves.

Gold reserves stood unchanged at $17.5 billion, while the special drawing rights (SDRs) went up to $5.270 billion, the RBI said.

 

The country's reserve position in the International Monetary Fund stood at $701 million during the period under review, the apex bank said.