r@ven21
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India's foreign exchange reserves rose by $1.588 billion to $363.146 billion in the week to February 3 on a jump in core currency holdings and value of gold reserves, the Reserve Bank said on Friday.
In the previous week, the foreign exchange reserves had surged by $782.7 million to $361.557 billion.
Foreign currency assets (FCAs), a major component of the overall reserves, increased by $914.7 million to $340.126 billion in the reporting week, RBI said.
FCAs, expressed in US dollar terms, include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen held in the reserves.
Gold reserves went up by $664.3 million to $19.248 billion, RBI said.
The special drawing rights with the International Monetary Fund rose by $3.8 million to $1.448 billion, while India's reserve position with the Fund too increased by $6 million to $2.324 billion, RBI said.
http://www.business-standard.com/ar...-up-1-58-bn-to-363-146-bn-117021000849_1.html
