After declining for two consecutive weeks, India’s forex reserves rose by $203.2 million to $312.585 billion in the week to June 6 on the back of gain in currency assets.
In the previous week, total reserves dropped by $273.8 million to $312.382 billion.
Foreign currency assets (FCAs), a major constituent of the overall reserves, surged by $338.9 million to $285.630 billion in the period under review, Reserve Bank said in its weekly statement here today.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in reserves.
The gold reserves, which remained unchanged for past many weeks, declined by at $175.4 million to $20.79 billion in the reporting week.
The special drawing rights was up by $2.7 million to $4.452 billion, and the country’s reserve position with the IMF rose by $37 million to $1.712 billion in the period under review, the central bank said.