General reserves declined by $908 million to $640.1 billion at the end of the previous reporting week.The country's foreign exchange reserves increased by $1.919 billion to $642.019 billion for the week ending October 29 on an increase in the currency properties and value of gold, the Reserve Bank of India (RBI) stated on Friday, November 5.
The general reserves decreased by $908 million to $640.1 billion at the end of the previous reporting week.
The foreign currency assets, a huge part of the general reserves, increased by 1.363 billion to $578.462 billion for the reporting week, according to the RBI's weekly data.Expressed in dollar terms, the foreign currency properties include the effect of gratitude or depreciation of non-US units such as the euro, pound, and yen held in the forex reserves.
The worth of the gold reserves increased by $572 million to $39.012 billion in the reporting week, according to RBI data.The unique illustration rights (SDRs) with the International Monetary Fund (IMF) rose by $17 million to $19.304 billion.
Additionally, the country's reserve position with the IMF increased by $1 million to $5.242 billion in the reporting week, according to the central bank.