IANS | 04 Nov, 2022
India's foreign exchange reserves rose to $531.081 billion for the week
ended October 28, a jump of $6.561 billion over the previous week.
According to a weekly supplement issued by the Reserve Bank
of India (RBI), the overall reserves had dropped by $3.847 billion to
$524.52 billion in the previous week.
In October 2021, the
country's foreign exchange reserves had touched $645 billion. However
since then, the reserves have been falling.
The foreign currency
assets (FCA), a major component of the overall reserves, rose by $5.772
billion to $470.847 billion during the week ending October 28.
The country's reserve position with the IMF also went up by $48 million to $4.847 billion in this period.