India's forex reserves up USD 2.68 bn
Mumbai, Jan 11 : India's foreign exchange (forex) reserves rose by USD 2.68 billion during the week ended January 4, official data showed on Friday.
India's forex reserves comprise Foreign Currency Assets (FCAs), gold reserves, special drawing rights (SDRs) and India's position with the International Monetary Fund (IMF).
FCAs, the largest component of the forex reserves, edged higher by $2.21 billion to $370.29 billion during the week ended January 4.
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 $465.5 million to $21.68 billion.
However, the SDR value slipped by $0.1 million to $1.46 billion, while the country's reserve position with the IMF inched lower by $0.1 million to $2.63 billion.