The Reserve Bank of India has today released the 30th half yearly report on management of foreign exchange reserves with reference to end-March 2018.

The position of foreign exchange reserves as on June 29, 2018 is as under:

US $ Billion
Foreign Exchange Reserves (i+ii+iii+iv)	406.1
i. Foreign Currency Assets (FCA)	380.7
ii. Gold	21.4
iii. Special Drawing Rights (SDR)	1.5
iv. Reserve Tranche Position (RTP)	2.5

It may be recalled that in February 2004, the Reserve Bank had started a process of compiling half yearly reports and placing them in the public domain for bringing about more transparency and enhancing the level of disclosure in relation to management of the country’s foreign exchange reserves.

Ajit Prasad

Assistant Adviser

Foreign exchange reserves at USD 406.1bn; composition, movements, risk framework and disclosure practices summarised. The report discloses aggregate foreign exchange reserves at USD 406.1 billion (FCA USD 380.7b, gold USD 21.4b, SDR USD 1.5b, RTP USD 2.5b), monthly movements driven by market operations, investment income and valuation effects, and a valuation gain in April-December 2017. It summarises sources of accretion, forward positions, international investment position, reserve adequacy metrics, FCA deployment across securities/central bank deposits/commercial bank deposits, and sets out objectives, legal authority, and a risk management framework covering credit, market (currency, interest, gold), liquidity and operational risks together with transparency practices.