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Forex reserves hit all-time high at $322.14 bn

The reserves had surged by $236.4 million to $319.475 billion in the previous week. The previous life-time high for the reserves was $320.79 billion, way back in the week to September 2, 2011.

twitter-logoPTI | January 23, 2015 | Updated 18:57 IST
Forex reserves hit all-time high at $322.14 bn

Foreign exchange reserves jumped by a massive $2.66 billion to touch all-time high of $322.135 billion in the week ended January 16, on account of surge in foreign currency assets, RBI said on Friday.

The reserves had surged by $236.4 million to $319.475 billion in the previous week.

The previous life-time high for the reserves was $320.79 billion, way back in the week to September 2, 2011.

The foreign currency assets (FCAs), a major constituent of overall reserves, jumped $2.685 billion to $297.53 billion in the reporting week, as per the Reserve Bank data.

FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and yen, held in reserves.

The country's gold reserves remained unchanged at $19.377 billion.

Special drawing rights decreased by $19.3 million to $4.109 billion, while India's reserve position with the IMF dipped by $5.2 million to $1.118 billion during the week, the data showed.

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