Forex reserves in India rise to $294 billion

Foreign currency assets (FCAs), a major part of the overall reserves, rose by $1.414 billion to $267.25 billion in the week under review, RBI said.
FCAs, expressed in dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in its reserves. During the week, the gold reserves were unchanged at $20.075 billion.
The Special Drawing Rights rose by $30.5 million to $4.459 billion, while India's reserve position with the IMF increased by $13.5 million to $2.007 billion, RBI said.
PTI
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