statesman news service
NEW DELHI, 23 JUNE: The country’s foreign exchange (forex) reserves rose by $982.3 million to $290.65 billion for the week ending 14 June, says data released by the Reserve Bank of India. The reserves had risen by $1.77 billion to $289.67 billion for the week ending 7 June.
The foreign currency assets (FCA), the biggest component of the forex reserves, grew by $962.5 million to $261.08 billion, the weekly statistical supplement of the central bank shows.
The FCA had increased by $1.61 billion to $260.12 billion in the previous week.
The apex bank said FCA in US dollar terms included the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen. Gold reserves remained stagnant at $22.83 billion.
The special drawing rights (SDRs) rose by $13 million to $4.40 billion during the week under review, while reserves with the International Monetary Fund went up by $6.8 million to $2.33 billion.
The SDRs had gained by $61 million to $4.38 billion during the previous week, while reserves with the IMF went up by $10 million to $2.32 billion during that week.