Reserves had fallen by USD 643.3 million to USD 319.347 billion in the week to August 8, while it had dropped by USD 573.5 million to USD 319.99 billion in the week to August 1 after touching close to the life-time high of USD 321 billion in the previous week.
After falling for two consecutive weeks, foreign exchange reserves marginally rose to USD 319.39 billion, up by USD 43.3 million, for the week, driven by an increase in foreign currency assets.
Reserves had fallen by USD 643.3 million to USD 319.347 billion in the week to August 8, while it had dropped by USD 573.5 million to USD 319.99 billion in the week to August 1 after touching close to the life-time high of USD 321 billion in the previous week.
Foreign currency assets (FCAs), a major constituent of overall reserves, increased by USD 54.7 million to USD 292.101 billion for the week ended August 15, the Reserve Bank of India said in its weekly statement.
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 reserves. Gold reserves remained unchanged at USD 21.173 billion in the reporting week. The special drawing rights were down USD 8.3 million to USD 4.416 billion, and India's reserve position with the IMF dipped USD 3.1 million to USD 1.699 billion during the week, the apex bank said.
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