India’s foreign exchange (forex) reserves went up by $1.63 billion to $296.63 billion for the week ended Dec 14, data released by the Reserve Bank of India (RBI) said Saturday.
The reserves had gone up by $484.2 million to $294.99 billion in the week ending Dec 7.
The foreign currency assets (FCA) – the biggest component of the forex reserves – increased by $1.61 billion at $262.11 billion, according to the weekly statistical supplement released by the RBI.
The FCA was up 492.7 million to $260.50 billion in the week ending Dec 7.
The central bank said FCA in US dollar terms included the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen.
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