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Forex reserves rise to $531 billion during week ending October 28

By IANS | Published: November 04, 2022 8:09 PM

New Delhi, Nov 4 India's foreign exchange reserves rose to $531.081 billion for the week ended October 28, ...

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New Delhi, Nov 4 India's foreign exchange reserves rose to $531.081 billion for the week ended October 28, a jump of $6.561 billion over the previous week.

According to a weekly supplement issued by the Reserve Bank of India (RBI), the overall reserves had dropped by $3.847 billion to $524.52 billion in the previous week.

In October 2021, the country's foreign exchange reserves had touched $645 billion. However since then, the reserves have been falling.

The foreign currency assets (FCA), a major component of the overall reserves, rose by $5.772 billion to $470.847 billion during the week ending October 28.

The country's reserve position with the IMF also went up by $48 million to $4.847 billion in this period.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: indiaNew DelhiReserve Bank Of IndiaFCAThe finance ministry of indiaMonetary policy committee of the rbiThe new delhi municipal councilDelhi south-westCentral board of reserve bank of indiaReserve bank of india governor
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