SME Times News Bureau | 09 Nov, 2019
Foreign exchange reserves of the country rose by $3.51
billion during the week ended November 1, official data showed on Friday.
According to the Reserve Bank of India's weekly statistical supplement, the
overall forex reserves increased to $446.09 billion from $442.58 billion
reported for the week ended October 25.
India's forex reserves comprise foreign currency assets (FCAs), gold reserves,
special drawing rights (SDRs) and India's reserve position with the
International Monetary Fund (IMF).
On a weekly basis, FCAs -- the largest component of the forex reserves -- edged
higher by $3.20 billion at $413.65 billion.
The RBI's weekly data also showed that the value of the country's gold reserves
went up by $301 million to $27.35 billion.
The country's reserve position with the IMF rose by $10 million to $3.64
billion, while the SDR value went up by $2 million to $1.44 billion.