Mumbai: State foreign exchange reserves increased by $ 8.895 billion to reach a record high of $ 642.453 billion in the week ended September 3, the Data Reserve Bank of India (RBI) showed.
The previous week ended August 27, reserves have jumped $ 16.663 billion to $ 633,558 billion, mainly due to the increase in special image rights (SDR).
The International Monetary Fund (IMF) has made an allocation of 12.57 billion SDR to India.
For the week ended September 3, the increase was due to the increase in foreign currency assets (FCAS), the main component of the overall reserves, the RBI weekly data released on Friday showed.
FCA rose $ 8.213 billion to $ 579.813 billion on week reporting, according to data.
Stated in the term dollar, foreign currency assets include the effect of appreciation or depreciation of non-US units such as the euro, pounds and yen held in foreign exchange reserves.
Gold reserves rose $ 642 million to $ 38.083 billion on week report, according to data.
Special image rights (SDR) with the IMF rose $ 29 million to $ 19.437 billion.
The position of the state reserves with the IMF increased by $ 11 million to $ 5.121 billion in week reporting, data showed.
Forex reserves rose for a record high of $ 642.453 billion
