The country's foreign exchange reserves surged $1.615 billion to $318.22 billion on the back of a sharp rise in foreign currency assets (FCAs) for the week ended August 19.
The total foreign exchange reserves had slipped by $621 million to $316.605 billion in the week before.
FCAs, the biggest component of the foreign reserves, rose by $1.584 billion to $285.251 billion for the reporting week, the Reserve Bank of India (RBI) said in its weekly data released today.
FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of the non-US currencies, such as the euro, the pound and the yen, held in the reserves.
The gold reserves remained unchanged at $25.349 billion, the data showed.
Meanwhile, both the special drawing rights (SDRs) and reserve position in the IMF were up during the week. The SDRs increased by $19 million to $4.633 billion, while India's reserve position in the IMF also increased by $12 million to $2.987 billion, the RBI data showed.
