Foreign exchange reserves of India are up by $1.919 bn

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Mumbai: India’s foreign exchange reserves rose by $1.919 billion during the week ended October 29.

India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country’s reserve position with the IME. On a weekly basis, FCAS, the largest component of the forex reserves, edged higher by $1.363 billion to $578.462 billion.

Similarly, the value of the country’s gold reserves gained by $572 million to $39,012 billion.

However, SDR value slipped by $17 million to $19.304 billion, whereas the country’s reserve position with the IMF inched up by $1 million to $5,242 billion.-

Source- IANS