Mumbai Sep 1 (IANS) India s foreign exchange (Forex) reserves kitty increased by $1.148 billion as on August 25 2017 official data showed on Friday.
The Reserve Bank of India s (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves rose to $394.55 billion from $393.40 billion reported for the week ended August 18.
India s Forex reserves comprise of foreign currency assets (FCAs) gold reserves special drawing rights (SDRs) and the RBI s position with the International Monetary Fund (IMF).
Segment-wise FCAs -- the largest component of the Forex reserves -- augmented by $1.142 billion to $370.83 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major (non-US) global currencies. The FCAs also include investments in US Treasury bonds bonds of other selected governments and deposits with foreign central and commercial banks.
The country s gold reserves were stagnant at $19.94 billion.
However the value of SDRs increased by $2.3 million to $1.49 billion.
Similarly the country s reserve position with the IMF edged higher by $3.6 million to $2.27 billion.
--IANS
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