Forex reserve at record high of $365.82 billion

By: | Published: August 19, 2016 5:39 PM

Foreign currency assets (FCAs), a major component of the overall reserves increased by $ 81.6 million to $ 340.36 billion

foreign reserveForeign currency assets (FCAs), a major component of the overall reserves increased by $ 81.6 million to $ 340.36 billion (Reuters)

Country’s forex exchange reserves surged by $ 73.2 million to touch a life-time high of $ 365.82 billion in the week to August 12, helped by increase in foreign currency assets, the Reserve Bank said today.

In the previous week, the reserves had increased by $ 253.6 million to touch $ 365.75 billion.

Foreign currency assets (FCAs), a major component of the overall reserves increased by $ 81.6 million to $ 340.36 billion.

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 remain unchanged at $ 21.58 billion.

The country’s special drawing rights with International Monetary Fund declined by $ 3.2 million to $ 1.49 billion, while the reserve position was down by $ 5.2 million to $ 2.39 billion, RBI said.

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