Forex kitty swells to $282 billion

Foreign currency assets (FCAs), a major component of the reserves, grew by nearly $2.41 billion during the week to $255.68 billion. It was at $253.27 billion the week ago, the Reserve Bank of India said in its weekly report on Saturday.

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 the reserves, it said.

During the week under review, the gold reserves remained static at $19.89 billion, while the Special Drawing Rights (SDRs) stood at $4.987 billion, down from $4.932 billion in the preceding week, the data showed.

India’s reserve position in the IMF also inched up to $1.343 billion compared to $1.328 billion the week before, Reserve Bank of India data said.

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