India's foreign exchange reserves rise to $392.868 billion

KOLKATA: India's foreign exchange reserves rose $1.537 billion to $392.868 billion in the week ending July 28, Reserve Bank of India said Friday in its latest weekly statistical supplement.

It's another new high at a time when Indian equity market has been on an upward journey, supported by steady inflows of foreign funds.

Foreign currency assets (FCA), which accounts for about 94% of reserves, grew by $1.6.10 billion to $368.760 billion, RBI data showed.

Expressed in dollar terms, FCA reflects changes in the valuation of non-US currencies such as the euro, the pound and the yen held in the reserves.

Gold reserves remained unchanged at $20.349 billion.