Forex reserves hit record high, reach $382 billion as FCAs rise
Gold reserves remained unchanged at $20 billion
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India's forex reserves increased by $799 million, mainly on account of rise in foreign currency assets (FCAs), to touch a record high of $381.955 billion in the week June 9 to June 16, RBI said.
In the previous week, the reserves had declined marginally by $11.5 million to $381.156 billion.
FCAs, a major component of overall reserves, rose by $802.4 million to $358.084 billion in the reporting week, the central bank said.
Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.
Gold reserves remained unchanged at $20.095 billion.
The special drawing rights with the International Monetary Fund dipped by $1.3 million to $1.469 billion.
The country's reserve position with the IMF, too, declined by $2.1 million to $2.305 billion.
In the previous week, the reserves had declined marginally by $11.5 million to $381.156 billion.
FCAs, a major component of overall reserves, rose by $802.4 million to $358.084 billion in the reporting week, the central bank said.
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Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.
Gold reserves remained unchanged at $20.095 billion.
The special drawing rights with the International Monetary Fund dipped by $1.3 million to $1.469 billion.
The country's reserve position with the IMF, too, declined by $2.1 million to $2.305 billion.
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First Published: Jun 23 2017 | 7:19 PM IST