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The country's foreign exchange reserves rose by $955 million to $319.175 billion, according to the Reserve Bank of India's Weekly Statistical Supplement. The foreign exchange reserves rose for the second consecutive week. In the previous week ended August 26, the reserves had soared by $1.6 billion to $318.220 billion.
In the week under consideration, a break-up of the forex reserves shows that foreign currency assets increased by $944 million to $286.195 billion.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the euro, sterling and yen held in reserves. In the reporting week, the euro weakened from $1.4511 to $1.4259 against the dollar.
Gold reserves were unchanged at $25.35 billion.
SDRs increased by $7 million to $4.64 billion. The reserve position in the IMF increased by $4 million to $2.99 billion.
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