The country’s foreign exchange reserves rose by $1.17 billion to reach $370.77 billion during the week ended September 23, aided by a rise in foreign currency assets, according to data released on Friday by the Reserve Bank of India.
Forex reserves had dropped by $1.68 billion to $369.60 billion in the previous week ended September 16.
Foreign currency assets (FCAs), which constitute a significant chunk of the overall forex reserves, rose $1.17 billion to $345.24 billion during the reporting week, data from the RBI showed.
FCAs, expressed in dollar terms, account for fluctuations in non-US currencies such as the euro, the pound and the yen, which are held in the reserves.
Gold reserves remained unchanged at $21.64 billion over the week.
India’s special drawing rights with the International Monetary Fund fell by $1 million to $1.49 billion. The reserve position fell by $1.4 million to $2.39 billion, according to the central bank.