"The foreign exchange reserves as on February 13, 2015 stood at USD 333.2 billion as against USD 304.2 billion till March 2014-end and USD 292.1 billion till March 2013-end," Minister of State for Finance, Jayant Sinha said in a written reply in Lok Sabha.
    
India's foreign exchange reserves comprise foreign currency assets, gold, Special Drawing Rights (SDRs) and Reserve Tranche Position (RTP) with the International Monetary Fund.
    
"Accretion to foreign exchange reserves is the outcome of excess of capital account balance over the current account balance and valuation gain/loss," he said.
    
In the recent past, trade deficit witnessed moderation, reflecting the impact of lower crude oil prices, among others, he added.
    
The lower trade and current account deficit, coupled with buoyant capital inflows, resulted in increase in foreign exchange reserves in 2013-14 and 2014-15, he further said.
    
The forex reserves in 2011-12 were USD 294.4 billion.

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