Forex kitty at record-high

Mumbai
7 Jul 2017

The country's forex reserves touched a new record-high of USD 386.539 billion after it rose by USD 4.007 billion in the week to June 30, due to an increase in foreign currency assets (FCAs), the RBI said.
In the previous week, the reserves had surged by USD 576.4 million to reach USD 382.53 billion. FCAs, a major component of overall reserves, rose by USD 3.724 billion to USD 362.388 billion in the reporting week, the RBI data showed.