Growth in reserves in reporting week ending April 23, 2021, was because of an increase in foreign currency assets (FCAs), a significant part of total reserves.

According to the RBI reports, the nation's foreign exchange reserves boosted by $1.701 billion to $584.107 billion in the week ending April 23, 2021.

The assets had increased by $1.193 billion to $582.406 billion from the previous week, which ended on April 16, 2021. In the week ending January 29, 2021, the balances reached a lifetime peak of $590.185 billion.

The growth recorded in the reserves, in the reporting week ending on April 23, 2021, was due to an increase in foreign currency assets (FCAs), which is a significant component of total reserves. FCA increased by $1.062 billion to $541.647 billion, according to the Reserve Bank of India's (RBI) weekly information.

Foreign currency holdings, expressed in dollars, also include the impact of appreciation or depreciation of non-US units such as the euro, pound, and yen intended to keep in foreign exchange reserves.

According to the RBI reports, gold reserves began to rise by $615 million in the reporting week just to $35.969 billion.

In the reporting week, the International Monetary Fund's (IMF) special drawing rights (SDRs) also increased by $7 million to $1.505 billion.

The country's reserve status with the IMF increased by $18 million in the monitoring week to $4.987 billion, according to the information shared.