India Forex Reserves: Good news for India, foreign exchange reserves reached $ 544.72 billion

Mumbai The country’s foreign exchange reserves increased by $ 14.72 billion to $ 544.72 billion in the week ended November 11 due to a sharp increase in foreign currency assets, gold, special drawing rights (SDRs) and reserves with the International Monetary Fund (IMF), while Its previous week had decreased by $ 1.09 billion to $ 529.9 billion.

According to the weekly data released by the Reserve Bank, foreign currency assets, the largest component of foreign exchange reserves, increased by $ 11.8 billion to $ 482.53 billion in the week ended November 11. Similarly, the gold reserves increased by $2.64 billion during this period to reach $39.7 billion.

During the week under review, SDRs increased by $165 million to stand at $17.6 billion. During this period, the reserve fund with the IMF increased by $ 116 million to reach $ 4.94 billion.

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