Gold reserves were down by $580 million in the reporting week to $37.440 billion
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in forex reserves.
FCAs decreased by $1.391 billion to $373.795 billion: Data
According to the global financial services major, forex reserves could be used for funding growth-critical public infrastructure projects and the macro backdrop is also suitable for this
Economists are not betting on great usage of this wealth as these are maintained at a high cost
Foreign currency assets rose by $1,142.5 mn to $370.8 bn during the week under review
Analysts expect it to surpass $400-bn mark by first week of September
Robust capital inflows and weak credit offtake cited as reasons behind growth in reserves
The record high was aided by an increase in foreign currency assets
Gold reserves remained unchanged at $20 billion
In the previous week, the reserves had touched a lifetime high of $375.71 billion
Reserves had risen by $1.594 billion to $372.73 billion in the previous week