India's forex kitty stays almost flat at USD 289.17 billion

MUMBAI: India's foreign exchange reserves rose by USD 17.8 million to USD 289.17 billion for the week ended August 10, the Reserve Bank said today.
The reserves had increased by USD 502 million to USD 289.15 billion in the previous reporting week.
Foreign currency assets (FCAs), a major component of the forex reserves, were down by USD 34.1 million to USD 256.92 billion for the week under review, the RBI said.
FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.
The gold reserves were unchanged at USD 25.71 billion, the apex bank said.
For the week under review, the special drawing rights (SDRs) were down by USD 1.5 million to USD 4.348 billion, while the country's reserve position with the IMF was up by a surprising USD 53.4 million to USD 2,187 million, the apex bank data showed.