Forex Reserves up by $780.9 Million to $352.515 Billion

Mumbai: Country's foreign exchange reserves increased by $780.9 million to $352.515 billion in the week to November 13, helped by rise in foreign currency assets, according to RBI data. 

In the previous week, the reserves had fallen by $1.902 billion to $351.734 billion. 

Foreign currency assets (FCAs), a major component of overall reserves, was up by $793.5 million to $328.528 billion in the reporting period, RBI said in a release issued here today.

FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen, held in the reserves. 

The gold reserves remained unchanged at $18.691 billion in the week.

India's special drawing rights with the International Monetary Fund declined by $9.5 million to $3.998 billion in the week, while the nation's reserve position with the Fund fell by $3.1 million to $1.296 billion, the apex bank said.