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India's foreign exchange reserves rise by $3.615 bn

India’s foreign exchange reserves rose $3.615 billion during the week ended October 16.

Indias foreign exchange reserves rise by $3.615 bn

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  24 Oct 2020 6:26 AM GMT

MUMBAI: India's foreign exchange reserves rose $3.615 billion during the week ended October 16.

According to the Reserve Bank of India's weekly statistical supplement, the reserves increased to $555.120 billion from $551.505 billion reported for the week ended October 9. India's forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF). On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.539 billion to $512.322 billion. Similarly, the value of the country's gold reserves increased, by $86 million to $36.685 billion. (IANS)

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