Mumbai Oct 20 (IANS) India s foreign exchange (Forex) reserves kitty increased by $1.50 billion as on October 13 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 $400.29 billion from $398.79 billion reported for the week ended October 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 -- augmented by $1.47 billion to $375.27 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies. It 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 value was stagnant at $21.24 billion whereas SDRs increased by $9.5 million to $1.50 billion.
Similarly the country s reserve position with the IMF edged higher by $14.3 million to $2.27 billion.
--IANS
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