Home / Financial News / Forex reserves up $1.97 bn to $313.83 bn

Forex reserves up $1.97 bn to $313.83 bn

The foreign exchange reserves rose by $ 1.97 billion to $ 313.83 billion in the week ended May 9, on higher currency assets.

Previous week, the total reserves rose by $ 1.94 billion to $ 311.86 billion.

Foreign currency assets (FCAs), a major part of the overall reserves, increased by $ 1.978 billion to $ 286.549 billion in the period, RBI said.

FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in its reserves.

The gold reserves remained unchanged at $ 20.965 billion, as per the RBI data.

The special drawing rights declined by $ 3.6 million to $ 4.476 billion, and the country’s reserve position with the IMF dipped $ 1.7 million to $ 1.838 billion in the period, the RBI weekly data showed.


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