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Forex reserves increase by $889.4 mn to $369.887 bn

India's reserve position with the Fund rose by $5.3 million to $2.323 billion

An illustration picture shows euro and US dollar banknotes and coins
An illustration picture shows euro and US dollar banknotes and coins
Press Trust of India Mumbai
Last Updated : Apr 21 2017 | 8:57 PM IST
India's foreign exchange reserves rose by $889.4 million to $369.887 billion during the week ended April 14, helped by increase in foreign currency assets, the Reserve Bank said.

They had declined by $956.4 million to $368.998 billion in the previous reporting week.

The reserves had touched a life-time high of $371.99 billion in the week to September 30, 2016.

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Foreign currency assets (FCAs), a major component of the overall reserves, surged by $881 million to $346.248 billion in the reporting week, RBI 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 $19.869 billion, the apex bank said.

The special drawing rights with the International Monetary Fund was up by $3.1 million to $1.446 billion.

India's reserve position with the Fund, too, rose by $5.3 million to $2.323 billion, RBI said.

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First Published: Apr 21 2017 | 8:57 PM IST

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