 "Photo: Shutterstock")
India's forex kitty surged by $1.15 billion to $367.93 billion as of March 24 on the back of increase in the currency assets, the Reserve Bank said today.
The total reserves had shot up by $ 2.67 billion to $366.78 billion for the previous reporting week.
Foreign currency assets (FCAs), a major component of the overall reserves, rose by $1.133 billion to $344.235 billion in the reporting week, the RBI said today.
Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen held in the reserves.
Gold reserves remained unchanged at $19.914 billion.
The special drawing rights with the International Monetary Fund were up by $6.7 million to $1.451 billion; India's reserve position with the Fund, too, increased by $10.8 million to $2.331 billion, RBI said.
