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Forex reserves up $2.06 bn to $400.24 billion

In the previous week, the reserves had increased by $1.497 billion to $398.178 billion.

February 08, 2019 / 20:08 IST
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Foreign exchange earnings totaled USD 24 billion in January-October 2019, with a growth (year-on-year) of two percent.

The country's foreign exchange reserves increased by $2.063 billion to $400.24 billion in the week to February 1, on account of rise in foreign currency assets, according to RBI data.

In the previous week, the reserves had increased by $1.497 billion to $398.178 billion.

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In the reporting week, foreign currency assets, a major component of the overall reserves, rose by $1.280 billion to $373.430 billion.

Expressed in US dollars, foreign currency assets include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.