Mumbai: India`s foreign exchange (forex) reserves rose by USD950.9 million to USD313.53 billion for the week ended June 13, led by a sharp jump in overseas currency assets, the Reserve Bank of India (RBI) data showed.
According to the RBI`s weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, jumped by USD958.5 million to USD286.58 billion.
Foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies held in reserve such as the pound sterling, euro and yen.
India`s reserve position with the International Monetary Fund (IMF) dropped by USD2.1 million to USD1.71 billion.
The value of special drawing rights (SDRs) fell by USD5.5 million to USD4.44 billion.
However, the value of gold reserves remained unchanged at USD20.79 billion.
