Forex reserves at Rs 23.3 lakh crore, up Rs 4,180 crore in week
Foreign currency assets (FCAs), a major component of overall reserves, grew by $592.7 million (approximately Rs 3,923 crore) to $328.560 billion (approximately Rs 21.75 lakh crore) in the reporting week, the RBI said in a statement.
Country's foreign exchange reserves rose by $631.5 million (approximately Rs 4,180 crore) to $352.02 billion (approximately Rs 23.3 lakh crore) in the week to September 18 due to rise in foreign currency assets, according to RBI data.
In the previous week, the reserves had jumped by a healthy $2.358 billion (approximately Rs 15, 610.5 crore) to $351.389 billion (approximately Rs 23.26 lakh crore).
Foreign currency assets (FCAs), a major component of overall reserves, grew by $592.7 million (approximately Rs 3,923 crore) to $328.560 billion (approximately Rs 21.75 lakh crore) in the reporting week, the RBI said in a statement.
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.
The gold reserves remained unchanged at $18.035 billion (approximately Rs 1.2 lakh crore).
India's special drawing rights with the International Monetary Fund jumped by $29.3 million (approximately ​Rs 194 crore) to touch $4.097 billion (approximately​ Rs 27,123 crore) in the week under review, while the nation's reserve position with the Fund rose by $9.5 million (approximately​ Rs 69 crore) to $1.328 billion (approximately​ Rs ​8,791 crore), the apex bank said.