Forex Update: India’s Foreign Exchange Reserves Rise $1.51 Billion To $658.1 Billion
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After eight weeks of fall, India’s forex reserves jump by $1.51 billion to $658.091 billion during the week ended November 29.
Foreign currency assets — a major component of the reserves — increased by $2.061 billion to $568.852 billion during the week ended November 29.
After eight weeks of fall, India’s foreign exchange (forex) reserves jumped by $1.51 billion to $658.091 billion during the week ended November 29, according to the latest data released by the RBI on Friday. In the previous week, the country’s forex kitty had fallen by $1.31 billion.
For the week ended November 29, foreign currency assets — a major component of the reserves — increased by $2.061 billion to $568.852 billion, according to the RBI data.
Gold reserves, however, slipped by $595 million to $66.979 billion.
