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Forex reserve at record high of $367.169 billion

The country's foreign exchange reserves increased by a healthy USD 1.346 billion to touch a record high of USD 367.169 billion in the week to August 19 mainly due to a rise in foreign currency assets (FCAs).


 Forex reserve at record high of $367.169 billion

Mumbai: The country's foreign exchange reserves increased by a healthy USD 1.346 billion to touch a record high of USD 367.169 billion in the week to August 19 mainly due to a rise in foreign currency assets (FCAs).

Last week, the reserves had shot up by USD 73.2 million to USD 365.822 billion.

FCAs, a major component of the overall reserves, rose by USD 1.315 billion to USD 341.675 billion, the Reserve Bank said today.

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

Gold reserves remained unchanged at USD 21.584 billion.

The country's special drawing rights with International Monetary Fund increased by USD 11.8 million to USD 1.497 billion, while the reserve position was up by USD 19.2 million to USD 2.411 billion, RBI said.

From Zee News

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