Gold reserves climbed up by $557 million to $38.579 billion in the reporting weekThe country's forex reserves increased by $1.492 billion to reach $641.008 billion in the week ended October 15, RBI data revealed on Friday.
In the previous week ended October 8, the reserves had increased by $2.039 billion to $639.516 billion.
The reserves had touched a life time high of $642.453 billion in the week ended September 3, 2021.
In the reporting week ended October 15, the increase in the forex cat was primarily on account of a boost in foreign currency possessions (FCAs), a major part of the overall reserves FCAs increased by $950 million to $577.951 billion, as per weekly information by the Reserve Bank of India (RBI).
Expressed in dollar terms, the foreign currency properties consist of the result of appreciation or depreciation of non-US systems like the euro, pound, and yen kept in the foreign exchange reserves.Gold reserves climbed up by $557 million to $38.579 billion in the reporting week, the data revealed.
The special illustration rights (SDRs) with the International Monetary Fund (IMF) decreased by $21 million to $19.247 billion.
The country's reserve position with the IMF increased by $6 million to $5.231 billion.