India's forex reserves inch towards $300 bn mark Foreign currency assets (FCAs), a major part of the overall reserves, increased by USD 1.842 billion to USD 269.814 billion in the week ended March 7, RBI said today. 1 1 0Google +0 0 Free Demat Account : With Money Back Guarantee*. Trade Across Multiple Devices. Open Now! religareonline.com/Demat_Account - Ads by Google India's foreign exchange reserves continued upward trend for the third straight week, expanding by USD 1.838 billion to USD 297.28 billion in the week ended March 7 on a rise in the currency assets. The reserves had jumped by USD 1.09 billion to USD 295.45 billion in the previous reporting week. Foreign currency assets (FCAs), a major part of the overall reserves, increased by USD 1.842 billion to USD 269.814 billion in the week ended March 7, RBI said today. 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 its reserves. The gold reserves remained stable at USD 20.978 billion, the data showed. The special drawing rights were down by USD 2.6 million to USD 4.478 billion, while India's reserve position with the IMF decreased by a USD 1.2 million to USD 2.016 billion, the apex bank said.
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