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Forex kitty moves up, closes at USD 449 million
In the previous week, the reserves had increased by $441 million to reach $448.249 billion. The gain in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which rose by $254 million to $416.725 billion in the reporting week, the data showed.
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Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in forex reserves. During the reporting week, gold reserves increased marginally by $87 million to $26.796 billion.
The special drawing rights with the International Monetary Fund were up by $5 million to $1.44 billion during the week. The country’s reserve position with the Fund also increased by a modest $2 million to $3.635 billion, the data showed.
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