Forex reserves up $500 million to $310 billion

Foreign exchange reserves shot up by USD 499.8 million to USD 309.913 billion in the week to April 25 on an increase in the currency assets. Last week, after rising for seven consecutive weeks, the total reserves had marginally declined by USD 31.6 million to USD 309.413 billion. 

Foreign currency assets (FCAs), a major part of the overall reserves, surged USD 493.2 million to USD 282.029 billion for the period under review, RBI said today. FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in its reserves.

 The gold reserves remained unchanged at USD 21.566 billion, as per the RBI data. The special drawing rights increased USD 4.6 million to USD 4.477 billion, and the country's reserve position with the IMF rose USD 2 million to USD 1.839 billion, the data showed.

Subscribe for updates

Get All Stories Delivered At Your Email Address Daily
Enter your email address: