India's forex reserves rise to $286 bn for week ending Nov 22

Foreign currency assets, a key component of reserves, rose by $2.76 bn to $258.66 bn

 

India's foreign exchange reserves rose in the week ending November 22 by $2.69 billion to $286.26 billion, shows Reserve Bank of India (RBI) data released Friday.

Foreign currency assets, a key component of reserves, rose by $2.76 billion to $258.66 billion. Gold reserves for the week remained unchanged.

For the week under review, the Special Drawing Rights (SDRs) rose by $9.1 million to $4.42 billion, while India's reserve position with the International Monetary Fund was down $78.4 million to $1.95 billion.