India's forex rises $4.41bn to $295.71 bn

India's forex reserves rose for the fifth consecutive week, adding 4.41
billion US dollar to 295.71 billion US dollar in the week ended
December 6 on account of a rise in foreign currency assets, the Reserve
Bank today said. Last week, the reserves recorded the single biggest
weekly gain since October 2011 surging by a whopping 5.04 billion
dollar to 291.3 billion dollar.

Foreign currency assets (FCAs), which form a major part of the overall
reserves, jumped by 5.019 billion dollar to 268.755 billion dollar for
the week under review, the RBI said. FCAs, expressed in dollar terms,
include the effect of appreciation or depreciation of the non-US
currencies such as the euro, pound and yen, held in reserves.

India's reserve position with the IMF rose by 3.8 million dollar to
1.909 billion dollar during the period, the RBI data showed.
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