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Foreign exchange (forex) reserves jumped for the second consecutive week ending October 11, by $1.51 billion to $ 279.24 billion due to a jump in foreign currency assets, Reserve Bank of India data said.
In the previous reporting week, forex reserves increased by $1.46 billion to $ 277.73 billion during the week ended October 4, 2013.
In the week ending October 11, foreign currency assets were up by $ 1.53 billion to $ 250.85 billion. Gold reserves remained unchanged at $21.77 billion.
The other components of forex reserves include special drawing rights declined by $ 9.6 million to $4.43 billion, and the country's reserve position in the IMF was down by $ 4.7 million to $2.190 billion, according to RBI.
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