India's foreign exchange reserves rise by $289 mn

The Reserve Bank of India's forex reserves increased to $640.401 billion from $640.112 billion reported for the week ended November 12. India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF. Similarly, the value of the country's gold reserves gained by $152 million to $40.391 billion.

India's foreign exchange reserves rose by $289 million during the week ended November 19.

The Reserve Bank of India's forex reserves increased to $640.401 billion from $640.112 billion reported for the week ended November 12.

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 $225 million to $575.712 billion.

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Similarly, the value of the country's gold reserves gained by $152 million to $40.391 billion.

On the other hand, the SDR value dipped by $74 million to $19.110 billion, while the country's reserve position with the IMF inched down $13 million to $5.188 billion.

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