Country's foreign exchange reserves grew $1.037 billion to $282.9 billion for the week ended July 23, from $281.9 billion in the previous week supported by a strong rise in the foreign currency assets.
Foreign currency assets, which is a major component of the reserves, grew $1.037 billion to $256.714 billion, from $255.677 billion a week ago, the Reserve Bank of India (RBI) said in its weekly data released today.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies, such as euro, sterling and yen, held in the reserves, the apex bank said.
All the other components of the foreign exchange reserves -- gold reserves ($19.89-billion), special drawing rights ($4.987 billion) and India's reserve position in the International Monetary Fund ($1.343 billion)-- remained unchanged during the week, the RBI data showed.
