Indian Forex Reserves up by USD 4 Billion to 254 Billion

India's foreign exchange reserves swelled to USD 254.052 billion for the week ended December 19, up by USD 3.599 billion over the previous week. Foreign exchange reserves stood at USD 250.453 billion in the previous week. The foreign currency assets (FCA), during the week, went up to USD 245.308 billion, up USD 3.583 billion, from USD 241.725 billion in the week-ago period, the Reserve Bank's weekly data showed here.

The country's gold reserves and Special Drawing Rights (SDR), during the week, stood unchanged at USD 7.861 billion and USD 3 million respectively, the RBI said. FCAs expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen, the apex bank said.

India's reserve position in the international monetary fund further swelled by USD 16 million to USD 880 billion during the week from USD 864 million in the previous week, the RBI said.