Mumbai Jan 19 (IANS) India s foreign exchange (Forex) reserves rose by $2.70 billion as on January 12 2018 official data showed on Friday.
The Reserve Bank of India s (RBI) weekly statistical supplement showed that the overall Forex reserves rose to $413.82 billion from $411.12 billion reported for the week ended January 5.
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 $2.68 billion to $389.83 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.
The country s gold reserves value remained stagnant at $20.42 billion.
However SDRs inched up by $6.2 million to $1.52 billion. Similarly the country s reserve position with the IMF rose by $9.3 million to $2.04 billion.
--IANS
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