India's foreign exchange reserves up by over USD1.92 bn

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ndia's foreign exchange reserves rose by USD1.919 billion during the week ended October 29.

The Reserve Bank of India's (RBI) forex reserves rose to USD642.019 billion from USD640.100 billion reported for the week ended October 22.

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by USD1.363 billion to USD578.462 billion.

Similarly, the value of the country's gold reserves gained by USD572 million to USD39.012 billion.

However, SDR value slipped by USD17 million to USD19.304 billion, whereas the country's reserve position with the IMF inched-up by USD1 million to USD5.242 billion.

✔️ India's foreign exchange reserves up by over USD1.92 bn

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