New Delhi: The country’s foreign exchange reserves have increased to an all-time high of $ 568.494 billion with an increase of US $ 7.779 billion. The Reserve Bank of India (RBI) has released this data for the week ending on 6 November. In the week ending October 30, the reserves had increased by $ 183 million to $ 560.715 billion.
The increase in foreign exchange reserves during the week under review was due to increase in foreign currency assets (FCA), which is a major part of total reserves. According to the RBI’s weekly data, FCA increased by $ 6.403 billion to reach $ 524.742 billion.
Foreign currency assets are seen in dollar terms. This includes the impact of the rise and fall in non-US units held in the Foreign Exchange Reserve, such as the euro, pound and yen.
According to central bank data, gold reserves rose by $ 1.328 billion to $ 37.587 billion in the week under review. Special drawing rights held by the International Monetary Fund increased by $ 7 million to $ 1.488 billion. According to the data, the country’s stock position with the IMF also increased by $ 40 million to $ 4.676 billion during the week under review.
