Forex reserves jump nearly USD 2 bn to USD 292 bn

India's foreign exchange reserves rose USD 1.96 billion to USD 292.32 billion in the week ended March 15 on the back of a healthy jump in currency assets, the Reserve Bank said today.
The reserves had slid by USD 224 million to USD 290.35 billion in the previous reporting week.
Foreign currency assets (FCAs), a major component of the forex reserves, were up USD 1.97 billion to USD 259.35 billion for the week ended March 15, the RBI said.
FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.

The gold reserves remained unchanged at USD 26.292 billion, it said.
For the week under review, India's special drawing rights decreased USD 3.3 million to USD 4.349 billion, while its reserve position in the IMF slid USD 1.7 million to USD 2.321 billion, the apex bank data showed.