India s forex reserves up $1.3 bn
According to the Reserve Bank of India (RBI) weekly statistical supplement the overall forex reserves increased to $401.79 billion from $400.48 billion reported for the week ended September 14.
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 $1.25 billion to $377.41 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies.
The RBI weekly statistical supplement showed that the value of the country s gold reserves increased. It went up by $35.9 million to $20.41 billion.
As per the data the SDRs value rose by $2.6 million to $1.48 billion while the country s reserve position with the International Monetary Fund (IMF) increased by $4.3 million to $2.48 billion.
--IANS rv/pgh/bg