India’s forex kitty up by $1.15 bn to $367.93 billion

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India’s forex kitty up by $1.15 bn to $367.93 billion

Mumbai, Mar 31 (PTI) India’s forex kitty surged by USD 1.15 billion to USD 367.93 billion as of March 24 on the back of increase in the currency assets, the Reserve Bank said today.

The total reserves had shot up by USD 2.67 billion to USD 366.78 billion for the previous reporting week.

Foreign currency assets (FCAs), a major component of the overall reserves, rose by USD 1.133 billion to USD 344.235 billion in the reporting week, the RBI said today.

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

Gold reserves remained unchanged at USD 19.914 billion.

The special drawing rights with the International Monetary Fund were up by USD 6.7 million to USD 1.451 billion; India’s reserve position with the Fund, too, increased by USD 10.8 million to USD 2.331 billion, RBI said.

This is published unedited from the PTI feed.