In the reporting week, the increase in reserves was on account of a rise in foreign currency assets (FCA), a major component of the overall reserves. FCA rose by USD 3.932 billion to USD 537.386 billion, the Reserve Bank of India’s (RBI) weekly data showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
The gold reserves increased by USD 535 million in the reporting week to USD 35.728 billion in the week ended December 4, the data showed.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) rose by USD 12 million to USD 1.506 billion. The country’s reserve position with the IMF increased by USD 46 million to USD 4.725 billion.