<p>This is the third consecutive week that the country’s forex reserves kitty has seen a jump. <br /><br />The country’s foreign exchange reserves have increased by a whopping $5.41 billing in the last three reporting weeks. The forex reserves had registered a gain of $1.68 billion and $1.04 billion, respectively, in the previous two weeks. <br /><br />The foreign currency assets, the biggest component of the forex reserves kitty, increased by $2.03 billion to $280.91 billion during the week under review, according to the weekly statistical supplement of the Reserve Bank of India (RBI). <br /><br />The foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as British pound sterling, euro and Japanese yen held in reserves.<br /><br />After remaining unchanged during the last several weeks, the value of gold reserves soared by $601 million to $24.39 billion. All the components of the foreign exchange reserve kitty registered a gain.<br /><br />The value of special drawing rights (SDRs) increased by $32 million to $4.62 billion and reserves with the International Monetary Fund rose by $21 million to $2.98 billion.</p>
<p>This is the third consecutive week that the country’s forex reserves kitty has seen a jump. <br /><br />The country’s foreign exchange reserves have increased by a whopping $5.41 billing in the last three reporting weeks. The forex reserves had registered a gain of $1.68 billion and $1.04 billion, respectively, in the previous two weeks. <br /><br />The foreign currency assets, the biggest component of the forex reserves kitty, increased by $2.03 billion to $280.91 billion during the week under review, according to the weekly statistical supplement of the Reserve Bank of India (RBI). <br /><br />The foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as British pound sterling, euro and Japanese yen held in reserves.<br /><br />After remaining unchanged during the last several weeks, the value of gold reserves soared by $601 million to $24.39 billion. All the components of the foreign exchange reserve kitty registered a gain.<br /><br />The value of special drawing rights (SDRs) increased by $32 million to $4.62 billion and reserves with the International Monetary Fund rose by $21 million to $2.98 billion.</p>