MUMBAI: The Country's foreign exchange reserves increased by USD 171.9 million to USD 418.687 billion in the week to May 3, mainly on account of a rise in foreign currency assets, RBI data showed.
In the previous week, the reserves had swelled by USD 4.368 billion to USD 418.515 billion, helped by the second dollar-rupee swap auction held on April 23. In the reporting week, foreign currency assets, which are a major component of the overall reserves, rose by USD 448.3 million to USD 390.869 billion.
Gold reserves declined by USD 281.6 million to USD 23.021 billion, according to the data.
