Foreign exchange reserves shot up by $ 499.8 million to $309.913 billion in the week to April 25 on an increase in the currency assets. last week, after rising for seven consecutive weeks, the total reserves had marginally declined by $ 31.6 million to $ 309.413 billion.
Foreign currency assets (FCAs), a major part of the overall reserves, surged $493.2 million to $ 282.029 billion for the period under review, RBI said on Friday FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in its reserves.
The gold reserves remained unchanged at $21.566 billion, as per the RBI data. The special drawing rights increased $4.6 million to $ 4.477 billion, and the country's reserve position with the IMF rose $2 million to $1.839 billion, the data showed.