Foreign Exchange Reserves Increase By $1.9 Billion To Touch $642 Billion

INSUBCONTINENT EXCLUSIVE:
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.