Forex reserves jump USD 483 mn to USD 352 bn

Country's foreign exchange reserves rose by USD 483.2 million to reach USD 352.098 billion in the week to December 4, helped by increase in foreign currency assets (FCAs), according to the RBI data.
In the previous week, reserves had fallen by USD 750.2 million to USD 351.615 billion.
FCAs, a major component of overall reserves, rose by a healthy USD 1.580 billion to USD 329.249 billion in the reported period, RBI said in a release here today.
FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen, held in the reserves.

After remaining stable for previous few weeks, the gold reserves fell by USD 1.148 billion to USD 17.543 billion in the period.
India's special drawing rights with the International Monetary Fund rose by USD 38.1 million to USD 4.006 billion in the week, while country's reserve position with the Fund increased by USD 12.3 million to USD 1.298 billion, the apex bank said.