Forex reserves hit all-time high of $355.947 bn in week ended 18 March

The reserves previously had touched a high of $355.46 billion in the week ended 19 June last year

hidden March 26, 2016 13:26:27 IST
Forex reserves hit all-time high of $355.947 bn in week ended 18 March

The country's foreign exchange reserves surged by $2.539 billion to touch an all-time high of $355.947 billion in the week ended 18 March, on account of rise in foreign currency assets (FCAs), the Reserve Bank said today. The reserves had touched a high of $355.46 billion in the week ended 19 June last year.

Forex reserves hit alltime high of 355947 bn in week ended 18 March

AFP

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

Gold reserves marginally rose by $0.6 million to $19.325 billion in the week. India's special drawing rights with the International Monetary Fund (IMF) increased by $12.1 million to $1.498 billion, while the country's reserve position with the Fund was up by $21.1 million to $2.618 billion, RBI said.

PTI

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