India’s Foreign Exchange Reserves Rise By $1.81 Billion To $476.47 Billion 

Swarajya Staff

Apr 18, 2020, 01:57 PM | Updated 01:57 PM IST

RBI office in Mumbai. (Aniruddha Chowdhury/Mint via Getty Images)
RBI office in Mumbai. (Aniruddha Chowdhury/Mint via Getty Images)

India's foreign exchange reserves rose by $1.81 billion during the week ended 10 April, RBI data said.

According to the RBI's weekly statistical supplement, the overall forex reserves increased to $476.47 billion from $474.66 billion reported for the week ended 3 April.

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

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.22 billion to $440.33 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.

Similarly, the value of the country's gold reserves increased by $586 million to $31.13 billion.

Though the SDR value declined by $4 million to $1.42 billion, the country''s reserve position with the IMF went up by $11 million to $3.57 billion.

(With inputs from IANS)

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