Mumbai: After falling for two consecutive weeks, the country's foreign exchange reserves rose massively by $4.075 billion to $350.86 billion in the week ended March 4, helped by robust rise in foreign currency assets (FCAs), Reserve Bank said today.
In the previous week, the reserves had fallen by $3.58 billion to $346.788 billion.
FCAs, a major component of overall reserves, increased by $2.448 billion to $327.475 billion in the reporting period, RBI said in a release here.
FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.
Gold reserves increased by $1.628 billion to $19.324 billion in the week.
India's special drawing rights with the International Monetary Fund (IMF) dipped marginally by $0.5 million to $1.479 billion, while the country's reserve position with the Fund fell by $0.6 million to $2.584 billion, the apex bank added.
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