SEOUL, Aug. 5 (Xinhua) -- South Korea's foreign reserves rose for the second successive month on higher investment income, central bank data showed Tuesday.
Foreign currency reserves mounted 1.13 billion U.S. dollars from a month earlier to 411.33 billion dollars at the end of July after swelling 5.61 billion dollars in the previous month, according to the Bank of Korea.
The consecutive growth was attributed to higher investment income that offset lower conversion value of non-U.S. dollar assets, caused by the strong U.S. currency.
The dollar index, which gauges the dollar value versus six major peers, gained 2.5 percent last month.
The country's foreign reserves were composed of 365.06 billion dollars of securities, 21.25 billion dollars of deposits, 15.71 billion dollars of special drawing rights, 4.79 billion dollars of gold bullion and 4.52 billion dollars of the IMF position.
The Asian country was ranked as the world's 10th-largest holder of foreign reserves at the end of June, unchanged from a month earlier. ■
