Foreign Exchange Reserves Rise By $1.9 Billion To Touch $642 Billion

Total reserves fell by $908 million to $640.1 billion at the end of the last reporting week.

The Reserve Bank of India (RBI) announced on Friday (Nov 5) that the country’s foreign exchange reserves rose by $1.919 million for the week ended October 29. He said it was $10,000.

Total reserves fell by $908 million to $640.1 billion at the end of the last reporting week. Foreign currency assets, which make up the largest share of total reserves, rose $1.363 billion to $57.46 billion in the week under review, according to RBI’s weekly figures.

Dollar-denominated foreign currency assets include the effect of rising or falling proportions outside the United States such as the euro, pound sterling and yen held in foreign currency reserves. According to the RBI, the value of gold reserves rose $527 million to $39,012 million in the reporting week.

The International Monetary Fund (IMF) Special Drawing Rights (SDR) increased $17 million to $19,304 million. In addition, according to the central bank, the country’s reserve position at the IMF increased by $1 million to $5.242 million in the reporting week.

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