Forex reserve at record high of $365.82 billion

Mumbai, Aug 19 (PTI) Country’s forex exchange reservessurged by USD 73.2 million to touch a life-time high of USD365.82 billion in the week to August 12, helped by increasein foreign currency assets, the Reserve Bank said today. In the previous week, the reserves had increased by USD253.6 million to touch USD 365.75 billion. Foreign currency assets (FCAs), a major component of theoverall reserves increased by USD 81.6 million to USD 340.36billion. FCAs, expressed in dollar terms, include the effect ofappreciation/depreciation of non-US currencies such as euro,pound and yen held in the reserves. Gold reserves remain unchanged at USD 21.58 billion. The country’s special drawing rights with InternationalMonetary Fund declined by USD 3.2 million to USD 1.49 billion,while the reserve position was down by USD 5.2 million to USD2.39 billion, RBI said. PTI HV NRBABK