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India's forex reserves jump US $1.57 billion to US $354.29 billion
Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as euro, pound and yen held in the reserves.
Updated : Mar 20, 2018, 02:57 AM IST
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The country's foreign exchange reserves rose by US $1.57 billion to US $354.29 billion for the week ended June 12 on a surge in core currency assets, the Reserve Bank said on Friday.
The overall reserves rose by US $239.4 million to US $352.713 billion in the previous reporting week.
Foreign currency assets, a major component of overall reserves, rose US $1.569 billion to US $329.58 billion in the reporting week, the RBI data showed.
Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as euro, pound and yen held in the reserves.
In FY15, there was an accretion to foreign exchange reserves to the tune of US $61.4 billion compared with US $15.5 billion year ago.
The gold reserves were flat at US $19.340 billion at the end of the reporting week, the central bank said.
The special drawing rights with the International Monetary Fund were up by US $4.2 million to US $4.05 billion, while the country's reserve position with the fund also increased by US $3.3 million to US $1.31 billion, the data showed.
