India's Forex reserves rises by over USD 150 mn
Mumbai, Feb 22 : India's foreign exchange (forex) reserves increased by USD 150.2 million during the week ended February 15, official data showed on Friday.
India's forex reserves comprise of Foreign Currency Assets (FCAs), gold reserves, Special Drawing Rights (SDRs) and India's position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $88.9 million to $371.07 billion.
Besides the US dollar, FCAs consist of 20-30 per cent of other major global currencies.
The RBI's weekly data showed that the value of the country's gold reserves rose by $78.2 million at $22.76 billion.
The SDR value inched down by $7.8 million to $1.45 billion, while the country's reserve position with the IMF declined by $9.1 million to $2.98 billion.