Mumbai: India's foreign exchange reserves have hit a fresh high, rising by $2.956 billion to $333.169 billion in the week to February 13, helped by a healthy increase in foreign currency assets.
The reserves had increased by $2.329 billion to $330.213 billion in the previous week.
The latest accretion to the reserves can help India cover its import bill for almost 10 months now, according to analysts.
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Foreign currency assets (FCAs), a major constituent of overall reserves, increased by $2.299 billion to $307.257 billion in the reporting week, the latest data from the Reserve Bank of India showed.
FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as euro, pound and yen, held in reserves.
Gold reserves remained unchanged at $20.183 billion, reflecting a tepid movement in prices of the yellow metal.
Special drawing rights decreased by $5.1 million to $4.089 billion, while the country's reserve position with the International Monetary Fund increased by $661.9 million to $1.639 billion during the week, the data showed.
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