Forex kitty at all-time high of $355.9 bn

India's foreign exchange reserves surged by $2.5 billion to touch an all-time high of $355.9 billion in the week ended March 18, on account of rise in foreign currency assets (FCAs), the Reserve Bank said on Friday . The reserves had touched a high of $355.5 billion in the week ended June 19 last year. In the previous week, the reserves had increased by $2.5 billion to $353.4 billion.
FCAs increased by $2.5 billion to $332.5 billion in the reporting week, the RBI said in a release. 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. 

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