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India’s foreign exchange reserves increased by $1.4047 billion in the week ended April 24 to $344.60 billion.
Since March-end 2015, the forex reserves have seen an accretion of $2.967 billion.
In the reporting week, the increase in reserves was mainly on account of the foreign currency assets (FCA) rising by $1.4045 billion.
Besides FCA, the reserves comprise gold, special drawing rights (SDRs) and reserve tranche position in the IMF.
While gold reserves and reserve tranche position in the IMF remained unchanged in the reporting period, SDRs nudged up by $0.2 million.
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