1. Forex reserve at record high of $367.169 billion

Forex reserve at record high of $367.169 billion

The country's foreign exchange reserves increased by a healthy USD 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).

By: | Mumbai | Published: August 26, 2016 7:58 PM
Last week, the reserves had shot up by .2 million to 5.822 billion. (Reuters) Last week, the reserves had shot up by .2 million to 5.822 billion. (Reuters)

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.

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