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Forex reserves up $2.263 bn to $353.069 bn

Foreign currency assets grew by $2.222 billion to $329.517 billion in the week

U.S. one-hundred dollar bills are seen in this photo illustration at a bank in Seoul
U.S. one-hundred dollar bills are seen in this photo illustration at a bank in Seoul
Press Trust of India Mumbai
Last Updated : Oct 16 2015 | 7:58 PM IST
The country's foreign exchange reserves jumped by a healthy $2.263 billion to $353.069 billion in the week to October 9, helped by rise in foreign currency assets, according to RBI data.

In the previous fortnight, the reserves had increased by $827.4 million to $350.805 billion.

Foreign currency assets (FCAs), a major component of overall reserves, grew by $2.222 billion to $329.517 billion in the week, RBI said in a release here today.

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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.

The gold reserves remained unchanged at $18.151 billion in the reporting week.

India's special drawing rights with the International Monetary Fund rose by $30.4 million to touch $4.077 billion in the week, while the nation's reserve position with the Fund also grew by $10.5 million to $1.321 billion, the apex bank said.

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First Published: Oct 16 2015 | 5:56 PM IST

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