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

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

PTI July 28, 2017 18:48:41 IST
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.

Indias foreign exchange reserves swells to life high of 39133 billion

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.

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