India\\\'s forex reserves zoom $2.79b to $309.44b
Sunday, 20 April 2014
MUMBAI, Apr 19 (PTI): India's foreign exchange reserves jumped by US Dollar 2.797 billion to US Dollar 309.444 billion in the week ended April 11 on the back of a healthy rise in currency assets.
The total reserves had shot up by USD 2.974 billion to USD 306.647 billion in the previous week.
Foreign currency assets (FCAs), a major part of the overall reserves, rose USD 2.746 billion to USD 281.552 billion for the week ended April 11, Reserve Bank of India (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.