Forex Reserves increased by USD 5.269 billion to USD 317.500 billion

India-s Forex Reserves surged by whopping USD 5.269 billion to USD 317.500 billion for the week ended October 14, as per the recent weekly data released by RBI. It was the biggest increase in forex reserves in last 3 months. Forex reserves jumped by USD 6.695 billion for the week ended July 1.


This increase was mainly due to increase in the value of total foreign currency assets.  The Foreign Currency Assets (FCA) was increased by USD 5.191 billion to USD 281.653 billion for the same week, which has pushed the total forex reserves higher. The SDRs (Special Drawing Rights) and Reserve portion with IMF were also increased by USD 49 million and USD 29 million respectively for the same week. Total SDR (Special Drawing Rights) and Reserve portion with IMF now stood at USD 4.544 billion and 2.636 billion respectively.