India's forex up by $1.15 billion to $367.93 billion: RBI

Following an increase in the currency assets of the nation, the RBI announced on March 31, 2017 a rise in India's forex by USD 1.15 billion to USD 367.93 billion. The total reserves also saw a stark rise of USD 2.67 billion to USD 366.78 billion in the last reporting week.
     
Foreign currency assets (FCAs), comprising a major chunk of the overall reserves, also rose by USD 1.133 billion to USD 344.235 billion in the previous reporting week as stated by the RBI on April 1, 2017. While, the gold reserves remained unaltered at USD 19.914 billion. 

Foreign currency assets, expressed in US dollar terms, are influenced by the appreciation and depreciation of the non-US currencies like the euro, pound and the yen that are also held in the reserves of the nation. 

Following the wave of positive highs, India's reserve position with the International Monetary Fund (IMF) also increased to USD 2.331 billion, up by USD 10.8 million, while the special drawing rights of the country with the IMF also rose by USD 6.7 million to USD 1.451 billion.