Forex Reserves :6th June 2008

India’s forex reserves jumped to a record $ 315.66 billion for the week ended June 6, up $ 1.046 billion from $ 314.6 billion in the previous week. Reserves had fallen by $ 1.557 billion in the previous week after posting a rise in three consecutive weeks. Foreign currency assets (FCAs), which stood at $ 304.875 billion in the past week, went up by $ 1.045 billion to $ 305.92 billion during the period, RBI weekly data said. The FCAs expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves, RBI said. Gold reserves and Special Drawing Rights, during the week, stood static at $ 9.202 billion and $ 11 million respectively, it said.