India’s foreign Exchange Reserves Rose by $441 Million During The Week Ended

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).

Read More : Indian Rupee opens Flat as Traders Await GDP Data

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 India’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.

Spread the love

Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

Leave a Comment