Mumbai, July 09: Country’s foreign exchange reserves jumped to USD 278.27-billion for the week ended July 2, up by around USD 1 billion from USD 276.98 billion in the previous week, backed by a healthy growth in the foreign currency assets and gold reserves.
Foreign currency assets, a major component of the reserves, increased to USD 252.129 billion, up USD 746 million from the preceding week’s USD 251.383 billion, the Reserve Bank’s weekly data showed today.
During the week, gold reserves grew by nearly USD 400 million to USD 19.9 billion while the Special Drawing Rights also inched up to USD 4.91 billion from USD 4.86 billion in the previous week, the data showed.
India’s reserve position in the International Monetary Fund remained unchanged at USD 1.3 billion, the RBI said.
–Agencies