Foreign exchange reserves of India grew by $1.43
billion to $316.31 billion for the week ended Nov 28.
According to Reserve Bank of India (RBI) data, the reserves
had fallen by $672.4 million to $314.87 billion in the week ended Nov 21.
According to the RBI's weekly statistical
supplement, foreign currency assets, the biggest component of the forex
reserves, rose $1.42 billion at $290.82 billion in the week under review.
The foreign currency assets had declined $664.3
million at $289.39 billion in the previous week (Nov 21). The RBI said the
foreign currency assets, expressed in US dollar terms, include the effect of
appreciation or depreciation of non-US currencies such as the pound sterling,
euro and yen held in reserve.
India's reserve position with the International
Monetary Fund (IMF) was up $2.5 million to $1.52 billion. The value of special
drawing rights (SDRs) was higher by $6.4 million at $4.22 billion.
The value of gold reserves which was static since Oct 3 at $20.01 billion and had declined by 275 million at $19.73 billion for the week ended Oct 31, stayed the same in the week ended Nov 21.
The value of gold reserves which was static since Oct 3 at $20.01 billion and had declined by 275 million at $19.73 billion for the week ended Oct 31, stayed the same in the week ended Nov 21.
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