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Foreign exchange reserves increased $837 million during the week ended September 28, to $294.81 billion, the Reserve Bank said in its weekly statistical supplement on Friday.
The forex reserves during the previous week ended September 21 were at $293.97 billion. The forex reserves comprise foreign currency assets, gold reserves, SDRs (Special Drawing Rights) and reserve tranche position in the IMF.
The increase in reserves was mainly on account of gold reserves which increased $1.89 billion to $28.13 billion. The foreign currency assets fell $1.07 billion to $ 259.95 billion. Since March-end, the reserves have dropped by $414.7 million.
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