Foreign exchange kitty rises by $1.15 billion to $367.93 billion
India’s foreign exchange kitty surged to $367.93 billion as of 24 March on the back of increase in the currency assets, says the RBI data
Mumbai: India’s foreign exchange kitty surged by $1.15 billion to $367.93 billion as of 24 March on the back of increase in the currency assets, the Reserve Bank said on Friday.
The total reserves had shot up by $2.67 billion to $366.78 billion for the previous reporting week.
Foreign currency assets (FCAs), a major component of the overall reserves, rose by $1.133 billion to $344.235 billion in the reporting week, the RBI said on Friday.
Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen held in the reserves.
Gold reserves remained unchanged at $19.914 billion.
The special drawing rights with the International Monetary Fund (IMF) were up by $6.7 million to $1.451 billion; India’s reserve position with the Fund, too, increased by $10.8 million to $2.331 billion, RBI said.