Forex kitty rises to USD 368.23 bn, gold reserves dip

The country's forex reserves rose by USD 1.07 billion to USD 368.231 billion for the week ended November 4 on jump in currency assets, the Reserve Bank said today.
The total reserves had risen by USD 16 million to USD 367.157 billion in the previous reporting week.
Foreign currency assets (FCAs), a major component of the overall reserves, increased by USD 1.982 billion to USD 343.927 billion.
FCAs, expressed in US dollar terms, include the effect of appreciation/depreciation of non-US currencies, such as the euro, pound and yen held in the reserves.
After remaining unchanged for multiple weeks, value of the gold reserves slipped by USD 945.5 million to USD 20.46 billion, the apex bank said.

The special drawing rights with the International Monetary Fund declined by USD 14.4 million to USD 1.476 billion, while India's reserve position with the Fund increased by USD 23.2 million to USD 2.368 billion, the central bank said.