SME Times News Bureau | 11 Oct, 2019
Foreign exchange
reserves of the country rose by $4.23 billion during the week ended October 4,
official data showed on Friday.
Reserve Bank of India's weekly statistical supplement shows that the overall
forex reserves increased to $437.83 billion from $433.59 billion reported for
the week ended September 27.
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 $3.99 billion at $405.61 billion.
The RBI's weekly data also showed that the value of the country's gold reserves
went up by $232 million to $27.17 billion.
The country's reserve position with the IMF rose by $9 million to $3.61
billion.
Similarly, the SDR value went up by $1 million to $1.42 billion.