RBI reports a modest rise in forex reserves after two weeks of fall

KOLKATA: After two consecutive weekly fall, Reserve Bank of India's foreign exchange reserves has risen by a modest $43 million in the week to August 15.

Reserves now stand at $319.390 billion, about $2.5 billion below the all time high seen two years back.

In local currency, total reserves is at Rs 19,52,700 crore, RBI said in its weekly statistical supplement Friday.

Forex reserves comprises foreign currency assets, gold held by the central bank. Special drawing rights and reserve position with International Monetary Fund are also part of the forex reserves.

Foreign currency assets with RBI was at $292.101 billion while gold reserves was valued at $21.174 billion at the end of the reporting week.