India's Foreign Exchange Reserves Rise By $2.762 Billion To $632.952 Billion

India's foreign exchange reserves rose by $2.762 billion during the week ending on 18 February.

According to the Reserve Bank of India's (RBI) weekly statistical supplement, the forex reserves increased to $632.952 billion from $630.190 billion reported for the week ending on 11 February.

India's foreign exchange reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.496 billion to $567.060 billion.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.

Meanwhile, the value of the country's gold reserves increased by $1.274 billion to $41.509 billion.

However, the SDR value increased by $11 million to $19.162 billion.

Similarly, the country's reserve position with the IMF increased by $4 million to $5.221 billion.