India's forex reserves up at $286.376 billion



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.

PTI