Forex reserves up $1.5 bn to $ 287 bn
16 Jun 2012 5:46 AM IST
After a steep fall last week, the foreign exchange reserves increased by $1.5 billion to touch $287.38 billion on the back of healthy addition of the core currency assets during the week ended 8 June, the Reserve Bank of India said on Friday.
The total reserves had fallen by $2.40 billion to $285.86 billion in the previous reporting week.
Foreign currency assets [FCAs], a major component of the forex reserves, were up by $1.50 billion to $254.60 billion for the week ended 8 June, Reserve Bank’s weekly statistical supplement said.
FCAs, expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves.
The gold reserves were unchanged at $25.58 billion, the apex bank said. For the week under review, the special drawing rights [SDRs] were up by $13.3 million to $4.360 billion, while India’s reserve position with the IMF was also up $8.7 million to $2.840 billion, it added.
The total reserves had fallen by $2.40 billion to $285.86 billion in the previous reporting week.
Foreign currency assets [FCAs], a major component of the forex reserves, were up by $1.50 billion to $254.60 billion for the week ended 8 June, Reserve Bank’s weekly statistical supplement said.
FCAs, expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves.
The gold reserves were unchanged at $25.58 billion, the apex bank said. For the week under review, the special drawing rights [SDRs] were up by $13.3 million to $4.360 billion, while India’s reserve position with the IMF was also up $8.7 million to $2.840 billion, it added.
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