India's foreign exchange reserves swells to life high of $391.33 billion

Mumbai: India's foreign exchange reserves touched a new record high of US $391.33 billion after it rose by US $2.27 billion in the week to 21 July, aided by increase in foreign currency assets (FCAs), RBI data showed.

Reuters

Reuters

In the previous week, the reserves had risen by US $2.68 billion to US $389.06 billion.

FCAs, a key component of overall reserves, surged by US $2.24 billion to US $367.15 billion, according to RBI data.

Expressed in US dollar terms, FCAs include effect of appreciation or depreciation of non-US currencies such as the euro, the pound and the yen held in the reserves.

Gold reserves remained unchanged at US $20.35 billion.

The special drawing rights with the International Monetary Fund (IMF) went up by US $12.1 million to US $1.491 billion.

The country's reserve position with the IMF too increased by US $19 million to US $2.341 billion.


Published Date: Jul 28, 2017 06:48 pm | Updated Date: Jul 28, 2017 06:48 pm


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