FE kitty up by $749 m

FE kitty up by $749 m

The reserves had fallen by US$1.23 billion in the previous reporting week to US$311.48 billion.

Foreign currency assets, the biggest component of foreign reserves, were up by US$763 million to US$276.462 billion for the week ended October 7.

The country’s gold reserves remained unchanged at US$28.667 billion. Both the special drawing rights (SDRs) and country’s reserve position in the International Monetary Fund were down  marginally during the week.

The SDRs slipped by US$9 million to US$4.495 billion while India’s reserve position in IMF was down by US$5 million to US$2.607 billion, the data said.

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