The country’s foreign exchange reserves increased by a healthy $1.346 billion to touch a record high of USD 367.169 billion in the week to August 19 mainly due to a rise in foreign currency assets (FCAs).
Last week, the reserves had shot up by $73.2 million to $365.822 billion.
FCAs, a major component of the overall reserves, rose by $1.315 billion to $341.675 billion, the Reserve Bank said today.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of non-US currencies such as euro, pound and yen held in the reserves.
Gold reserves remained unchanged at $21.584 billion.
The country’s special drawing rights with International Monetary Fund increased by $11.8 million to $1.497 billion, while the reserve position was up by $19.2 million to $2.411 billion, RBI said.