Mumbai Dec 8 (IANS) India s foreign exchange (Forex) reserves kitty increased by $1.20 billion as on December 1 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 $401.94 billion from $400.74 billion reported for the week ended November 24.
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 $1.15 billion to $377.45 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 rose by $36.5 million to $20.70 billion whereas SDRs increased by $4.9 million to $1.50 billion.
Similarly the country s reserve position with the IMF edged higher by $7.4 million to $2.28 billion.
--IANS
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