India`s forex reserves up at $286.376 billion
Mumbai: India`s foreign exchange reserves
rose by USD 0.962 million to USD 286.376 billion for the week
ended November 13 from USD 285.414 billion in the previous
week, the RBI said on Friday.
Foreign currency assets (FCAs) during the week went up to
USD 262.905 billion as against USD 261.957 billion in the
week-ago period, the RBI said in its weekly report.
FCAs, expressed in US dollar terms, include the effect
of appreciation or depreciation of non-US currencies such as
euro, sterling and yen held in reserves.
Gold reserves stood unchanged at USD 17.5 billion, while
the special drawing rights (SDRs) went up to USD 5.270
billion, the RBI said.
The country`s reserve position in the International
Monetary Fund stood at USD 701 million during the period under
review, the apex bank said.
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