Millennium Post

Forex reserves up $205 mn to $295.7 bn: RBI

After declining for two weeks, India's foreign exchange reserves rose by $204.9 million to $295.71 billion in the week ended 27 December on the back of an increase in the core currency component, RBI said on Friday.

The reserves had declined by $12.6 million in the previous reporting week to $295.50 billion.
Foreign currency assets (FCAs), which form a major part of the overall reserves, shot up by $164.3 million to $268.634 billion in the week under review. The gold reserves were unchanged at $20.603 billion.
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