Forex kitty up at $286 b

Foreign currency assets (FCAs) during the week went up to US$262.905 billion as against US$261.957 billion in the week-ago period, the RBI said in its weekly report.

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

Gold reserves stood unchanged at US$17.5 billion, while the special drawing rights (SDRs) went up to US$5.270 billion, the RBI said. The country’s reserve position in the International Monetary Fund stood at US$701 million during the period under review, the apex bank said.