Forex Reserves Climb $456 Million To Record $455 Billion
The country's foreign exchange reserves increased by $456 million to a fresh lifetime high of $454.948 billion in the week to Dec. 20, according to Reserve Bank of India data.
In the previous week, the reserves had swelled by $1.070 billion to $454.492 billion.
In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by $311 million to $422.732 billion, weekly data released by RBI on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-U.S. units like the euro, pound and the yen held in the forex reserves.
During the reporting week, gold reserves increased by $164 million to $27.132 billion.
The special drawing rights with the International Monetary Fund dipped $1 million to $1.443 billion.
The country's reserve position with the Fund also declined by $17 million to $3.642 billion, the data showed.