India's foreign exchange reserves surged by USD 1.26 billion to USD 292.33 billion in the week ended February 7 on the back of a healthy increase in the currency assets, the Reserve Bank said today.
The total reserves had dipped by USD 1.17 billion to USD 291.07 billion in the previous reporting week.
Foreign currency assets (FCAs), a major part of the overall reserves, rose by USD 1.260 billion to USD 265.832 billion in the week under review, the apex bank said.
FCAs, expressed in dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in its reserves.
During the week, the gold reserves were unchanged at USD 20.075 billion.
The Special Drawing Rights fell by USD 1.3 million to USD 4.428 billion, while India's reserve position with the IMF declined by USD 1.5 million to USD 1.993 billion, RBI said.
