In the reporting week, the increase in the forex kitty was due to a rise in foreign currency assets (FCAs), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).
FCAs rose by $1.508 billion to $577.732 billion in the reporting week.
Gold reserves were down by $588 million to $37.057 billion in the reporting week, the data showed.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by $1 million to $1.551 billion.
The country’s reserve position with the IMF also fell by $31 million to $5.125 billion, as per the data.
Source: Economic Times