India’s forex kitty increases by $289 mln to $640.40 bln
Foreign Currency Assets (FCA), a major component of the overall reserves, increased by USD 225 million to USD 575.712 billion, according to the Reserve Bank of India’s (RBI) weekly data.
Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
The value of the gold reserves continued their journey north, increasing by USD 152 million to USD 40.391 billion in the reporting week, the data showed.
The Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) dipped by USD 74 million to USD 19.11 billion.
The country’s reserve position with the IMF was down by USD 13 million to USD 5.188 billion in the reporting week.
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