India’s foreign exchange reserves rose by $ 1.023 billion to touch a new all-time high of $ 334.193 billion in the week ended February 20, the Reserve Bank of India (RBI) said here today.
The country’s forex reserves had soared by $ 2.956 billion to a record of $ 333.169 billion in the previous week.
In its weekly statistical supplement, the central bank said that foreign currency assets, which constitute a major chunk of the forex reserves, had gone up by $ 1.040 billion to $ 308.298 billion during the week.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.
According to the bulletin, the country’s gold reserves remained unchanged at $ 20.183 billion during the week while its special drawing rights fell by $ 12 million to $ 4.077 billion.
India's reserve position in the Indian Monetary Fund (IMF) went down by $ 4.8 million to $ 1.635 billion, the bulletin added.
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