Forex reserves up $1.218 billion at $364 billion

Source: The Hitavada      Date: 11 Mar 2017 09:38:32


MUMBAI,

Mar 10,

(PTI)

INDIA’S forex reserves increased by USD 1.218 billion to USD 364.01 billion in the week ended March 3, helped by a rise in foreign currency assets, the Reserve Bank said on Friday. In the previous week, the reserves had shot up by USD 63.7 million to USD 362.79 billion.

Foreign currency assets (FCAs), a major component of the overall reserves, rose by USD 576.9 million to USD 340.360 billion in the reporting week, RBI said.