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Forex Reserves Move Up To 369.95 Billion US Dollars

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India's forex reserves went up by USD 2.02 billion to USD 369.95 billion in the week to March 31 on a huge jump in currency assets; the Reserve Bank said.

The forex kitty had increased by USD 1.15 billion to USD 367.93 billion in the previous reporting week. Transactions Where Use Of Forex Cards Are Prohibited Abroad?

Foreign currency assets (FCAs), a major component of the overall reserves, rose by USD 2.08 billion to USD 346.32 billion in the reporting week, the RBI said.

Forex Reserves Move Up To 369.95 Billion US Dollars
 

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

Gold reserves moved down by USD 45 million to USD 19.87 billion, it said.

The special drawing rights with the International Monetary Fund fell USD 5.1 million to USD 1.45 billion while India's reserve position with the IMF, too, dropped by USD 10.7 million to USD 2.32 billion, the apex bank added.

Goodreturns.in

Read more about: forex reserves
Story first published: Saturday, April 8, 2017, 14:49 [IST]
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