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.
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.