Forex reserves inch towards $170bn

Foreign exchange reserves went up by $1.168 billion to $168.284 billion during the week ended November 10 as against $167.116 billion during the week ended November 3.

Foreign currency assets increased by $1.172 billion to $161.563 billion, according to figures released by the Reserve Bank of India. The reserve position in the IMF went up by $2 million to $652 million.

While gold reserves were steady at $6.068 billion, SDRs declined $6 million to $1 million.