Last Update:09 November 2024 09:49 IST

India’s gold reserves increased by $1.224 billion to $69.751 billion in the week ending November 1; Special drawing rights decreased by $1 million to $18.219 billion.

Foreign exchange assets, an important component of reserves, decreased by 3.902 billion dollars to 589.849 billion dollars.

India’s foreign exchange (forex) reserves fell by $2.675 billion to $682.13 billion in the week ended November 1, according to the latest RBI data. In the previous reporting week, total reserves fell by $3.463 billion to $684.805 billion.

India’s gold reserves increased by $1.224 billion during the week to $69.751 billion. Special drawing rights (SDRs) fell by $1 million to $18.219 billion, according to the RBI.

At the end of September, foreign exchange reserves reached an all-time high of $704.885 billion.

Foreign exchange assets, an important component of reserves, fell by $3.902 billion to $589.849 billion in the week ending November 1, according to data released on Friday.

Foreign exchange holdings denominated in dollars include the impact of appreciation or depreciation of non-U.S. units such as the euro, pound and yen held in foreign exchange reserves.

Data showed that India’s reserve position with the IMF increased by US$ 4 million to US$ 4.311 billion in the reporting week.