India's foreign exchange (Forex) reserves increased by $2. 53 billion during the week ended March 18, official data showed on Friday.
According to the Reserve Bank of India's (RBI) weekly statistical supplement, the overall Forex reserves swelled by $2. 53 billion to $355. 94 billion.
The overall foreign exchange reserves had risen by $2. 54 billion to touch $353. 40 billion for the week ended March 11.
The foreign currency assets (FCA), which is the largest component of India's Forex reserves, increased by $2. 50 billion to $332. 50 billion during the week under review.
During the week ended March 11, the FCA had augmented by $2. 52 billion to $329. 99 billion.
Apart from the US dollar, the FCA consists of nearly 20 - 30 percent of other non - US dollar major global currencies, securities and bonds.
The individual movements of these currencies against the US dollar impacts the overall foreign reserves value.
The country's gold reserves remained stagnant at $19. 32 billion.
However, the special drawing rights (SDRs) gained by $12. 1 million to $1. 49 billion.
For the week ended March 11, the SDRs inched up by $7. 2 million to $1. 48 billion.
Similarly, the country's reserve position with the IMF (International Monetary Fund) edged higher by $21. 1 million to $2. 61 billion.
The reserve position with IMF had gained $12. 7 million to $2. 59 billion for the week ended March 11.
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