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India's forex reserves up at $353.527 billion

New Delhi:  India's foreign exchange reserves increased by $458 million to $353.527 billion in the week to October 16, on account of rise in foreign currency assets, according to RBI data.In the previous week, reserves

PTI [ Updated: October 23, 2015 18:33 IST ]
india s forex reserves up at 353.527 billion
india s forex reserves up at 353.527 billion

New Delhi:  India's foreign exchange reserves increased by $458 million to $353.527 billion in the week to October 16, on account of rise in foreign currency assets, according to RBI data.

In the previous week, reserves had jumped by a healthy $2.263 billion to $353.069 billion.

Foreign currency assets (FCAs), a major component of overall reserves, was marginally up by $452.5 million to $329.970 billion in the reporting period, RBI said.

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 $18.151 billion in the week.

India's special drawing rights with the International Monetary Fund rose by $4.2 million to touch $4.081 billion in the week, while the nation's reserve position with the Fund also grew by $1.3 million to $1.323 billion, the apex bank said.

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