Forex reserves move up $2 billion to $369.95 billion

The forex kitty had increased by $ 1.15 billion to $ 367.93 billion in the previous reporting week.

Forex reserves move up $2 billion to $369.95 billion

Mumbai: India's forex reserves went up by $ 2.02 billion to $ 369.95 billion in the week to March 31 on a huge jump in currency assets, the Reserve Bank said today.

The forex kitty had increased by $ 1.15 billion to $ 367.93 billion in the previous reporting week.

Foreign currency assets (FCAs), a major component of the overall reserves, rose by $ 2.08 billion to $ 346.32 billion in the reporting week, the RBI said.

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

Gold reserves moved down by $ 45 million to $ 19.87 billion, it said.

The special drawing rights with the International Monetary Fund fell $ 5.1 million to $ 1.45 billion while India's reserve position with the IMF, too, dropped by $ 10.7 million to $ 2.32 billion, the apex bank added.

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.