Forex reserves hit all-time high of $355.947 bn in week ended 18 March

The reserves previously had touched a high of $355.46 billion in the week ended 19 June last year

FP Archives|Mar 26, 2016, 13:26:27 IST

The country's foreign exchange reserves surged by $2.539 billion to touch an all-time high of $355.947 billion in the week ended 18 March, on account of rise in foreign currency assets (FCAs), the Reserve Bank said today. The reserves had touched a high of $355.46 billion in the week ended 19 June last year.[caption id="attachment_2647682" align="alignleft" width="380"] AFP[/caption]FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.Gold reserves marginally rose by $0.6 million to $19.325 billion in the week. India's special drawing rights with the International Monetary Fund (IMF) increased by $12.1 million to $1.498 billion, while the country's reserve position with the Fund was up by $21.1 million to $2.618 billion, RBI said.PTI

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