Forex reserves rise by $932.8 mn to $393.72 bn in the week ended 30 November: RBI data
The country's foreign exchange reserves increased by $932.8 million to $393.718 billion in the week to 30 November, mainly due to a rise in foreign currency assets, according to RBI data.
Mumbai: The country's foreign exchange reserves increased by $932.8 million to $393.718 billion in the week to 30 November, mainly due to a rise in foreign currency assets, according to RBI data.
In the previous week, the reserves had dropped by $795 million to $392.785 billion.
In the reporting week, foreign currency assets, a major component of the overall reserves, jumped by $787.9 million to $368.487 billion, as per the RBI data.
Expressed in US dollars, foreign currency assets include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.
Forex reserves had touched a record high of $426.028 billion in the week to 13 April, 2018. Since then, the forex kitty has been on a slide and is now down by over $31 billion.
Gold reserves rose by $151.8 million to $21.150 billion in the reporting week, the data showed.
The special drawing rights with the International Monetary Fund (IMF) dipped by $2.5 million to $1.454 billion.
The country's reserve position with the IMF also decline by $4.4 million to $2.625 billion, the apex bank said.
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