India’s foreign exchange reserves rose by $1.81 billion during the week ended 10 April, RBI data said.
According to the RBI’s weekly statistical supplement, the overall forex reserves increased to $476.47 billion from $474.66 billion reported for the week ended 3 April.
India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India’s reserve position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.22 billion to $440.33 billion.
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.
Similarly, the value of the country’s gold reserves increased by $586 million to $31.13 billion.
Though the SDR value declined by $4 million to $1.42 billion, the country”s reserve position with the IMF went up by $11 million to $3.57 billion.
(With inputs from IANS)