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  1. Forex reserves rise $2.33 billion to $351.48 billion as on February 5

Forex reserves rise $2.33 billion to $351.48 billion as on February 5

Foreign exchange reserves as on February 5 rose by $2.332 billion from a week ago to $351.48 billion, according to data from the Reserve Bank of India.

By: | Mumbai | Published: February 13, 2016 12:23 AM

Foreign exchange reserves as on February 5 rose by $2.332 billion from a week ago to $351.48 billion, according to data from the Reserve Bank of India.

Foreign currency assets (FCAs), which form a key component of reserves, rose by $1.807 billion from the previous week to $328.43 billion.

FCAs are maintained in major currencies like US dollar, euro, pound sterling, Japanese Yen, etc. However, foreign exchange reserves are denominated and expressed in US dollar only.

Gold reserves rose by $456.60 million to $17.696 billion.

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