MUMBAI: The country’s reserves surged by USD 1.432 billion to USD 316.311 billion in the week to November 28 due to rise in foreign currency assets, RBI data showed.
In the previous week, reserves had declined by USD 672.4 million to USD 314.878 billion.
The foreign currency assets, a major constituent of overall reserves, increased by USD 1.424 billion to USD 290.822 billion, RBI said.
Foreign currency assets, 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 USD 19.738 billion.
Special Drawing Rights (SDRs) increased by USD 6.4 million to USD 4.229 billion, while the country’s reserve position with the IMF also rose by USD 2.5 million to USD 1.521 billion during the week, the RBI data showed.–PTI
