INSUBCONTINENT EXCLUSIVE:
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
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
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
