Forex reserves rise to $275.351 billion as on September 13: RBI.

MUMBAI: India's foreign exchange reserves strengthened by $ 544.7 million to $ 275.35 billion on a healthy increase in the core currency assets in the week ended September 13, Reserve Bank said today.

The total reserves had dipped by $ 685.1 million to $ 274.81 billion in the previous reporting week.

Foreign currency assets (FCAs), a major component of the reserves, moved up by $ 500.5 million to $ 247.46 billion for the week ended September 13, the RBI said in its weekly statement.

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

For the week, the gold reserves remained unchanged at $ 21.724 billion, the central bank said. The gold reserves were also unchanged in the previous reporting week.

The special drawing rights (SDRs) increased $ 30.3 million to $ 4.385 billion, while India's reserve position with the International Monetary Fund was up $ 13.9 million to $ 1.995 billion, the RBI data showed.

Source : economictimes.indiatimes.com