India's foreign exchange reserves up by over $1.92 bn (Lead, correcting para 2)

By IANS | Published: November 5, 2021 06:15 PM2021-11-05T18:15:06+5:302021-11-05T18:30:07+5:30

Mumbai, Nov 5 India's foreign exchange reserves rose by $1.919 billion during the week ended October 29. The ...

India's foreign exchange reserves up by over $1.92 bn (Lead, correcting para 2) | India's foreign exchange reserves up by over $1.92 bn (Lead, correcting para 2)

India's foreign exchange reserves up by over $1.92 bn (Lead, correcting para 2)

Mumbai, Nov 5 India's foreign exchange reserves rose by $1.919 billion during the week ended October 29.

The Reserve Bank of India's (RBI) forex reserves rose to $642.019 billion from $640.100 billion reported for the week ended October 22.

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.363 billion to $578.462 billion.

Similarly, the value of the country's gold reserves gained by $572 million to $39.012 billion.

However, SDR value slipped by $17 million to $19.304 billion, whereas the country's reserve position with the IMF inched-up by $1 million to $5.242 billion.

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

Open in app