MUMBAI: Country's forex reserves rose by $3 billion for the week ended June 18 amid sharp rise in foreign currency assets, the Reserve Bank said today.
The reserves increased to $275.969 billion as compared to $272.783 in the previous week, RBI said in its weekly report.
During the week, foreign currency assets, which is a major component of the reserves, increased to $250.37 billion from $247.241 billion in the week ago, the RBI said.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies, such as euro, sterling and yen, held in the reserves, the apex bank said.
During the week, gold reserves remained static at $19.423-billion while the Special Drawing Rights improved by a notch to $4.866-billion from 4.821 billion recorded in the week ended June 11.
India's reserve position in the International Monetary Fund also climbed to $1.310 billion as compared to 1.298 billion in the preceding week.
