India`s forex reserves up by $3.32 bn
Mumbai: India`s foreign exchange reserves increased by USD 3.329 billion to USD 280.978 billion for the week ended September 11 against USD 277.649 billion in the previous week.
Foreign currency assets (FCAs) rose to USD 264.562 billion, up USD 2.905 billion, in the week compared to USD 261.657 billion in the previous week, RBI said in its weekly data 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, RBI said.
During the week under review, gold reserves stood unchanged at USD 9.828 billion.
The Special Drawing Rights (SDRs) increased by USD 405 million to USD 5.223 billion compared to USD 4.818 billion in the previous week, the central bank said.
India`s reserves position in the International Monetary Fund increased by USD 19 million to USD 1.365 billion against USD 1.346 billion, RBI said.
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