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Our Bureau

Mumbai, May 19

The country's foreign exchange kitty has seen an accretion of $1.342 billion due to dollar mop-up by the central bank and the appreciation of major currencies against the greenback. The forex reserves have touched $163.755 billion for the week ended May 12, according to the RBI's Weekly Statistical Supplement. In the previous week, the reserves had gained by $1.71 billion to $ 162.413 billion. The forex reserves have been on the rise now for the past 16 weeks.According to the RBI figures, foreign currency assets increased by $1.337 billion to touch $156.66 billion during the week. Foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of currencies as euro, sterling and yen.

The FII outflows from the equity market were around $7 million in the same period.

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