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India’s foreign exchange reserves up by over $1.92 bn – Social News XYZ


India's foreign exchange reserves up by over $1.92 bn

Mumbai, Nov 5 (SocialNews.XYZ) India’s foreign exchange reserves rose by $1.919 billion during the week ended October 29.

The Reserve Bank of India’s (RBI) forex reserves fell to $642.019 billion from $640.100 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 $1.363 billion to $578.462 billion.

Similarly, the value of the country’s gold reserves gained by $572 million to $39.012 billion.

However, SDR value slipped by $17 million to $19.304 billion, whereas the country’s reserve position with the IMF inched-up by $1 million to $5.242 billion.

Source: IANS

India's foreign exchange reserves up by over $1.92 bn

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz





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India’s foreign exchange reserves up by over $1.92 bn – Social News XYZ

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