| Date: |
15-02-2014 |
| Subject: |
India's forex reserves up $1.26 billion at $292.33 billion as of February 7 |
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India's foreign exchange reserves surged by $1.26 billion to $292.33 billion in the week ended February 7 on the back of a healthy increase in currency assets, the Reserve Bank of India said on Friday.
The country's total reserves had dipped by $1.17 billion to $291.07 billion in the previous reporting week.
Foreign currency assets (FCAs), a major part of the overall reserves, rose by $1.260 billion to $265.832 billion in the week under review, the apex bank said.
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 its reserves.
During the week, the gold reserves were unchanged at $20.075 billion.
The special drawing rights (SDR) fell by $1.3 million to $4.428 billion, while India's reserve position with the IMF declined by $1.5 million to $1.993 billion, the RBI noted.
Source : profit.ndtv.com
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