The country's foreign
exchange reserves rose by 4.85 billion US Dollars to touch a record high
of 590.18 billion dollars in the week ended January 29. Forex reserves
rose on account of an increase in foreign currency assets (FCA), a major
component of the overall reserves. FCA increased by 5.03 billion
dollars to 547.22 billion dollars.
Expressed in dollar terms, the foreign
currency assets include the effect of appreciation or depreciation of
non-US units like the euro, pound and yen held in the foreign exchange
reserves. The gold reserves declined by 164 million dollars to 36.29
billion dollars in the week ended January 29.
The special drawing rights with the
International Monetary Fund (IMF) were down by 4 million dollars to 1.51
billion dollars in the reporting week. The country's reserve position
with the IMF also declined by 6 million dollars to 5.16 billion dollars
in the week.
SOURCE ; PIB
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