Forex reserves up $684 mn to $285 bn
Mumbai: India`s foreign exchange reserves
rose by USD 684 million for the week ended October 23 to USD
285.520 billion from USD 284.836 billion in the previous week.
Foreign Currency Assets (FCAs), during the period, grew
to USD 268.348 billion as against USD 267.898 billion in the
week ago, the RBI said in its weekly report today.
FCAs, expressed in US dollar terms, include the effect of
appreciation or depreciation of non-US currencies such as
Euro, Sterling, Yen held in reserves, the RBI said.
Gold reserves, during the week, stood unchanged at USD
10.316 billion, while the Special Drawing Rights (SDRs) stood
marginally up at USD 5.267 billion from USD 5.250 billion in
the previous week, the central bank said.
India`s reserve position in the International Monetary
Fund grew to USD 1.589 billion from USD 1.372 billion in the
week-ago, the RBI said.