15/06/2015
Forex reserves rise by $239.4 million to $352.71 billion in week up to June 5
MUMBAI: India's foreign exchange reserves rose marginally by $239.4 million to $352.71 billion in the week up to June 5, on account of increase in foreign currency assets, according to RBI data released.
In the previous week, the reserves had increased by $917.5 million to $352.474 billion. The forex kitty had touched a record high of $352.876 billion in the week to May 15.
The foreign currency assets, which is a major component of overall reserves, rose by $192.9 million to $328.012 billion in the reporting week.
Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as euro, pound and yen held in the reserves.
In FY15, there was an accretion to foreign exchange reserves to the tune of $61.4 billion compared with $15.5 billion last year.
Gold reserves also increased by $4.5 million to $19.34 billion, after remaining stable for many weeks.
The special drawing rights with the IMF were up by $31.7 million to $4.05 billion, while the country's reserve position with the fund increased by $10.3 million to $1.31 billion.
