Currency reserves rise to a lifetime maximum of $ 481.54 billion
MUMBAI: the country currency reserves increased by $ 5.42 billion to a lifetime maximum of $ 481.54 billion in the week to February 14, due to the increase in assets in foreign currency, according to the latest RBI data.
In the previous week, the currency reserves had increased by $29 million to $476.12 billion.
Foreign currency assets, an important component of general reserves, increased by $ 4.36 billion to $ 445.82 billion in the week of the report.
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 currency reserves .
Gold reserves increased by $ 1.02 million to $ 30.38 billion.
Special drawing rights with the International Monetary Fund (IMF) fell $ 5 million to $ 1.43 billion.
The country's reserve position with the IMF also increased by $ 31 million to $ 3.61 billion, according to the data.