India's forex reserves rise by $2.79 billion to $309.44 billion - Times of India

Foreign currency assets, a major part of the overall reserves, rose by $2.746 billion to $281.552 billion for the week ended April 11, RBI said.

The author has posted comments on this articlePTI | Apr 18, 2014, 09.38PM IST

MUMBAI: India's foreign exchange reserves jumped by $2.797 billion to $309.444 billion in the week ended April 11 on the back of a healthy rise in currency assets.

The total reserves had shot up by $2.974 billion to $306.647 billion in the previous week.

Foreign currency assets (FCAs), a major part of the overall reserves, rose by $2.746 billion to $281.552 billion for the week ended April 11, RBI said on Friday.

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

The gold reserves remained unchanged at $21.566 billion, as per RBI data.

The special drawing rights rose by $35.9 million to $4.483 billion, and India's reserve position with the IMF jumped by $14.8 million to $1.841 billion, the apex bank said.

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