The country foreign exchange reserves rose by $ 58 million to reach a life-time high of $ 461.21 billion in the week to January 10, according to the data compiled by the Reserve Bank of India (RBI).
In the previous week, the reserves had increased by $3.689 billion to $461.15 billion.
In the reporting week, the reserves rose despite a decline in foreign currency assets (FCA), which is a major component of the overall reserves.
FCA decreased by $367 million to $427.582 billion, the RBI data released on Friday showed.
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 forex reserves.
In the reporting week, gold reserves rose by $435 million to $28.492 billion.
The special drawing rights with the International Monetary Fund (IMF) were down by $ 5 million to $ 1.442 billion.
The country’s reserve position with the IMF also declined by $ 5 million to $ 3.697 billion, the data showed.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.