Mumbai: India's foreign exchange reserves in the week to December 19 surged by a whopping USD 3.163 billion to USD 319.997 billion on the back of a massive jump in foreign currency assets.
Last week, reserves had increased by USD 2.172 billion to USD 316.833 billion, RBI data showed here Friday.
In the week to July 25, 2014, the reserves had touched USD 320.56 billion, an inch away from the life-time high of USD 320.79 billion on September 2, 2011.
The foreign currency assets (FCAs), a major constituent of overall reserves, jumped by USD 3.310 billion to USD 295.670 billion in the week ended December 19.
FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and yen, held in reserves.
The country's gold reserves remained unchanged at USD 18.985 billion in the reporting week.
Special Drawing Rights (SDRs) decreased by USD 29.2 million to USD 4.199 billion, while the country's reserve position with the IMF dipped by USD 117.6 million to USD 1.142 billion during the week, as per RBI data.
