The Reserve Bank of India reported on Friday that India’s foreign exchange reserves climbed by $289 million for the week ending November 19 to $640.401 billion.
The Reserve Bank of India reported on Friday that India’s foreign exchange reserves climbed by USD 289 million for the week ending November 19 to USD 640.401 billion.
In the preceding reporting week, total reserves fell by USD 763 million to USD 640.112 billion. In the week ending September 3, 2021, they reached a lifetime high of USD 642.453 billion.
According to the Reserve Bank of India’s (RBI) weekly figures, Foreign Currency Assets (FCA), a major component of overall reserves, grew by USD 225 million to USD 575.712 billion.
The FCAs are expressed in dollar terms and incorporate the effect of non-US currency appreciation or depreciation in foreign exchange reserves such as the euro, pound, and yen.
The value of gold reserves increased by USD 152 million to USD 40.391 billion in the reporting week, according to the statistics.
The International Monetary Fund’s (IMF) Special Drawing Rights (SDRs) fell by USD 74 million to USD 19.11 billion.
In the reporting week, the country’s reserve position with the IMF fell by USD 13 million to USD 5.188 billion.
