Forex reserves at fresh life-time high of USD 382.53 bn

The country's forex reserves surged by USD 576.4 million to touch a new life-time high of USD 382.53 billion in the week to June 23, helped by a rise in foreign currency assets (FCAs), the RBI said.

In the previous week, the reserves had zoomed by USD 799 million to USD 381.955 billion.

FCAs, a major component of overall reserves, rose by USD 580.2 million to USD 358.664 billion in the reporting week, the central bank said.

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

Gold reserves remained unchanged at USD 20.095 billion.

The special drawing rights with the International Monetary Fund (IMF) dipped by USD 1.5 million to USD 1.467 billion.

The country's reserve position with the IMF too declined by USD 2.3 million to USD 2.303 billion.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)