Foreign exchange reserves rises by $1.15 billion to $367.93 billion

Posted by Daily Shipping Times on 03-04-2017        Tweet

MUMBAI: India’s foreign exchange kitty surged by $1.15 billion to $367.93 billion as of 24 March on the back of increase in the currency assets, the Reserve Bank said.

The total reserves had shot up by $2.67 billion to $366.78 billion for the previous reporting week.

Foreign currency assets (FCAs), a major component of the overall reserves, rose by $1.133 billion to $344.235 billion in the reporting week, the RBI said.

Gold reserves remained unchanged at $19.914 billion.

The special drawing rights with the International Monetary Fund (IMF) were up by $6.7 million to $1.451 billion, RBI said.