INSUBCONTINENT EXCLUSIVE:
Forex reserves comprise FCAs, gold reserves, SDRs and India's reserve position with IMFMumbai: India's foreign exchange reserves made
healthy gains of $5.69 billion during the week ended March 6.According to the RBI's weekly statistical supplement, the overall forex
reserves, which are already at a record high, increased to $487.23 billion from $481.54 billion reported for the week ended February
28.India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position
with the International Monetary Fund (IMF).On a weekly basis, FCAs, the largest component of the forex reserves, rose by $5.31 billion to
$451.13 billion.Similarly, the value of the country's gold reserves rose
It increased by $320 million to $31 billion.The SDR value inched up by $15 million to $1.44 billion, while the country's reserve position
with the IMF rose by $50 million to $3.65 billion.
