India's forex reserves rise by USD 2.58 billion to USD 586.11 billion
Friday, 3 November 2023 India's foreign exchange reserves increased by $2.579 billion to $586.111 billion in the week ending October 27, according to the Reserve Bank of India. This follows a drop in reserves the previous week. The increase in reserves is due to a rise in foreign currency assets, which reached $514.504 billion. Gold reserves also saw an increase, while Special Drawing Rights and India's reserve position with the IMF declined. The country's forex reserves had previously reached a record high of $645 billion in October 2021.
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India's forex kitty decreased by USD 462 million to USD 590.321 billion for the week ended November 10, the Reserve Bank said on Friday. In the previous... IndiaTimes
Friday, 3 November 2023
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