India’s forex
reserves rose by $ 419.4 million to $ 315.551 billion in the week to November
14, driven by a rise in foreign currency assets.
According to data released by the Reserve Bank Friday, reserves had dipped by $ 778.4 million to $ 315.131 billion in the previous week.
According to data released by the Reserve Bank Friday, reserves had dipped by $ 778.4 million to $ 315.131 billion in the previous week.
The foreign currency assets, a major constituent of
the overall reserves, increased by $422.7 million to $290.062 billion, the
central bank said.
Foreign currency assets, expressed in dollar terms,
include the effect of appreciation and depreciation of non-US currencies such
as the euro, pound and the yen held in reserves.
Despite a spike in gold prices, the country's gold
reserves remained unchanged at $19.738 billion.
The special drawing rights (SDRs) were down by $ 2.4 million to $ 4.229 billion, while the country's reserve position with the IMF declined by $ 0.9 million to $ 1.521 billion during the week, the RBI data showed.
The special drawing rights (SDRs) were down by $ 2.4 million to $ 4.229 billion, while the country's reserve position with the IMF declined by $ 0.9 million to $ 1.521 billion during the week, the RBI data showed.
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