Total reserves declined by $908 million to $640.1 billion at the end of the previous reporting week.
The Reserve Bank of India said on Friday that India’s foreign exchange reserves have increased by $ 1.919 billion to $ 642.019 billion for the week ended October 29.
Total reserves declined by $908 million to $640.1 billion at the end of the previous reporting week.
Foreign exchange assets, a major part of total reserves, rose by $1.363 billion to $578.462 billion for the week under review, RBI said in weekly data.
Expressed in dollar terms, foreign currency assets include the effect of appreciation or depreciation of non-US units such as the euro, pound and yen held in foreign exchange reserves.
The data showed that the value of gold reserves rose by $572 million to $39.012 billion in the reporting week.
Special drawing rights (SDRs) with the International Monetary Fund (IMF) rose by $17 million to $19304 billion. The country’s reserve position with the IMF rose by $1 million to $5.242 billion in the reporting week, the data showed.
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