FE reserves inch towards $300 b mark

FE reserves inch towards $300 b mark

 The total reserves had stood at $299.17 billion in the week before.

FCAs, the biggest component of the total foreign reserves, were up by an impressive $793 million to $270.08 billion for the week, RBI said in its weekly data.

However, after remaining static for many weeks, the country’s gold reserves dropped by a staggering $546 million to 21.92 billion, the apex bank data said.