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The country’s foreign exchange reserves rose for the second consecutive week, going up by $1.05 billion to $293.37 billion on a rise in the core currency assets, the Reserve Bank said today.
The total reserves had risen by nearly $2 billion to $292.3 billion in the previous reporting week.
Foreign currency assets, a major component of the forex reserves, were up by $1.06 billion to $260.41 billion for the week ended March 22, the Reserve Bank said.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non—US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.
The gold reserves remained unchanged at $26.292 billion.
For the week under review, special drawing rights decreased by $7.5 million to $4.342 billion, while the reserve position in the IMF slid by $4.1 million to $2.317 billion, the apex bank data showed.
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