Forex Reserves Up $236 Million At $319 Billion: RBI

By siliconindia | Monday, 19 January 2015, 03:50 Hrs

MUMBAI: India's foreign exchange reserves surged by $236.4 million to $319.475 billion in the week to January 9 on account of a jump in foreign currency assets.

The reserves had decreased by $471.4 million to $319.238 billion in the previous week.

The foreign currency assets (FCAs), a major constituent of overall reserves, jumped by $308.5 million to $294.845 billion in the reporting week, Reserve Bank of India data showed on Friday.

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

The country's gold reserves remained unchanged at $19.377 billion.

Special drawing rights (SDRs) decreased by $56.7 million to $4.128 billion, while India's reserve position with the IMF dipped by $15.4 million to $1.123 billion during the week, the data showed.