SME Times News Bureau | 22 Nov, 2019
India's foreign exchange reserves rose by $441
million during the week ended November 15, official data showed on Friday.
According to the Reserve Bank of India's weekly statistical supplement, the
overall forex reserves increased to $448.24 billion from $447.80 billion
reported for the week ended November 8.
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 $643 million at $416.47 billion.
However, the RBI's weekly data showed that the value of the country's gold
reserves went down by $200 million to $26.70 billion.
Similarly, the SDR value inched down by $5 million to $1.43 billion, whereas,
the country's reserve position with the IMF rose by $3 million to $3.63
billion.