Mumbai: After declining for two consecutive weeks, the country's foreign exchange reserves jumped by USD 2.294 billion to USD 316.801 billion on the back of healthy rise in foreign currency assets last week.
The reserves had declined by USD 112 million in the previous reporting week to USD 314.507 billion.
Foreign currency assets, the biggest component of the foreign exchange reserves, were up by USD 2.227 billion to USD 284.526 billion for the week ended July 22, the Reserve Bank said in its weekly data released this evening.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.India's forex reserves up by USD 2.29 billion.
PTI
