MUMBAI: The country’s foreign exchange reserves increased by $169 million to $583.865 billion in the week ended February 19, RBI data showed.
In the previous week ended February 12, the reserves had declined by $249 million to $583.697 billion. It had touched a record high of $590.185 billion in the week ended January 29 this year.
During the reporting week, the increase in reserves was due to a rise in the foreign currency assets (FCAs), a major component of the overall reserves.
FCA rose by $1.155 billion to $542.106 billion, the Reserve Bank of India‘s (RBI) weekly data showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
The gold reserves declined by $977 million to $35.25 billion in the week, the RBI data showed.
The country’s reserve position with the IMF also declined by $4 million to $5.002 billion in the reporting week, the data showed.