INSUBCONTINENT EXCLUSIVE:
Gold reserves were up by $642 million to $38.083 billion in the reporting weekThe country's foreign exchange reserves increased by USD
8.895 billion to reach a record high of USD 642.453 billion in the week ended September 3, RBI data revealed
In the previous week ended August 27, the reserves had surged $16.663 billion to $633.558 billion, mainly due to a rise in Unique Drawing
International Monetary Fund (IMF) had made an allotment of SDR 12.57 billion to India.For the week ended September 3, the increase was on
account of an increase in foreign currency assets (FCAs), a significant component of the general reserves, Reserve Bank of India 's (RBI)
weekly data released on Friday showed.FCA rose by $ 8.213 billion to $ 579.813 billion in the reporting week, according to the information
Revealed in dollar terms, the foreign currency possessions include the impact of appreciation or depreciation of non-US units like the euro,
pound, and yen kept in the forex reserves.Gold reserves were up by $ 642 million to $38.083 billion in the reporting week, based on the
information The special drawing rights (SDRs) with the IMF rose by $29 million to $19.437 billion
The country's reserve position with the IMF increased by $11 million to $5.121 billion in the reporting week, the data showed.
