Forex reserves up by $780.9 million to $352.51 billion

Mumbai: Country's foreign exchange reserves increased by USD 780.9 million to USD 352.515 billion in the week to November 13, helped by rise in foreign currency assets, according to RBI data.

In the previous week, the reserves had fallen by USD 1.902 billion to USD 351.734 billion.

Foreign currency assets (FCAs), a major component of overall reserves, was up by USD 793.5 million to USD 328.528 billion in the reporting period, RBI said in a release issued here today.

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

The gold reserves remained unchanged at USD 18.691 billion in the week.

India's special drawing rights with the International Monetary Fund declined by USD 9.5 million to USD 3.998 billion in the week, while the nation's reserve position with the Fund fell by USD 3.1 million to USD 1.296 billion, the apex bank said.