India’s forex reserves rose by $ 950.9 million to $ 313.536 billion in the week to June 13, on account of gains in currency assets.
In the previous week, total reserves gained by $ 203.2 million to $ 312.585 billion.
Foreign currency assets (FCAs), a major constituent of the overall reserves, surged by $ 958.5 million to $ 286.589 billion in the period under review, Reserve Bank said in its weekly statement in Mumbai on Friday.
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 reserves.
The gold reserves remained unchanged at $ 20.790 billion in the reporting week.
The special drawing rights was down by $ 5.5 million to $ 4.446 billion, and the country’s reserve position with the IMF also dropped by $ 2.1 million to $ 1.711 billion in the period under review, the central bank said.
