Backed by strong rise in currency assets, country's foreign exchange reserves jumped by $ 2.797 billion to $ 309.444 billion in the week ended on April 11. As per the data issued by the Reserve Bank of India (RBI), forex reserves had also surged in the week ended on April 4 by $ 2.974 billion to $ 306.647 billion.
Foreign currency assets (FCAs), a major part of the overall reserves, rose by $ 2.746 billion to $ 281.552 billion for the week ended April 11, RBI said in its statement. FCAs, expressed in dollar terms, include the effect of appreciation or 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 also rose by $ 35.9 million to $ 4.483 billion, and India's reserve position with the International Monetary Fund also jumped by $ 14.8 million to $ 1.841 billion, RBI further added.