The country?s forex reserves went up by $1.28 billion to $279.71 billion in the week ended March 12, RBI said in its weekly statistical supplement released on Friday. While foreign-currency assets rose $1,249 million to $255.32 billion, gold reserves remained unchanged at $17.92 billion, RBI said.
Special Drawing Rights with the IMF rose $22 million to $5.07 billion while its reserves with the IMF also inched up by $6 million to $1.39 billion.
Total reserves have climbed up by $30.98 billion in the last one year. Essentially, reserves constitute of overseas currencies, gold and special drawing rights with the IMF.