Mumbai April 20 (IANS) India s foreign exchange (Forex) reserves increased by $1.21 billion as on April 13 official data showed on Friday.
According to the Reserve Bank of India s (RBI) weekly statistical supplement the overall Forex reserves rose to $426.08 billion from $424.86 billion reported for the week ended April 6.
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 -- increased by $1.20 billion to $400.97 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies. It also includes investments in US Treasury bonds bonds of other selected governments and deposits with foreign central and commercial banks.
However the country s gold reserves value remained stagnant at $21.48 billion.
The SDRs value inched up by $6.6 million to $1.54 billion while the country s reserve position with the IMF rose by $8.9 million to $2.07 billion.
--IANS
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