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India's forex kitty increases by $289 mn to $640.40 bn.

by Akshat Mathur 28 Nov 2021

The Bank of India raised $ 289 million to $ 640.401 billion for the week ending Nov. 19. Total reserves fell $ 763 million to $ 640.112 billion in the most recent reporting week. They reached $ 642,453 billion during the week ending September 3, 2021, at $ 642,453.

Foreign assets (FCA), a significant portion of total reserves, increased by $ 225 million to $ 575.712 billion ,this is evidenced by the weekly data from the Bank of India (RBI).

FCA dollar rates include the effect of depreciating or depreciating non-US currencies such as the euro, the pound, and investing in foreign exchange reserves.

The value of gold reserves continued to travel north, from $ 152 million for the reporting week to $ 40.391 billion, according to the data.

Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) dipped by USD 74 million to USD 19.11 billion.

The country's reserve position with IMF was down by USD 13 Million to USD 5.18 Billion in the reporting week.

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