Mumbai: India's foreign exchange reserves rose by $1.57 billion to $354.29 billion in the week ended June 12 on a surge in core currency assets, the Reserve Bank has said.
Overall reserves had risen by $239.4 million to $352.713 billion in the previous reporting week.
Foreign currency assets, a major component of overall reserves, rose by $1.569 billion to $329.58 billion in the reporting week, data from the RBI showed.
Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as euro, pound and yen held in the reserves.
In FY15, there was an accretion to foreign exchange reserves to the tune of $61.4 billion compared with $15.5 billion a year ago.
Gold reserves were flat at $19.340 billion at the end of the reporting week, the central bank said.
Special drawing rights with the International Monetary Fund were up $4.2 million at $4.05 billion, while the country's reserve position with the fund also increased by $3.3 million to $1.31 billion, the data showed.
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