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India's foreign exchange reserves up by $568.9 mn during November: RBI data

RBI's weekly data showed that the value of the country's gold reserves increased by 73 million to $20.96 billion

IANS  |  Mumbai 

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India's foreign exchange (forex) reserves rose by $568.9 million during the week ended November 16, official data showed on Friday.

According to the (RBI)'s weekly statistical supplement, the overall reserves increased to $393.58 billion from $393.01 billion reported for the week ended November 9.

India's reserves comprise (FCAs), gold reserves, special drawing rights (SDRs) and India's position with the International Monetary Fund (IMF).

FCAs, the largest component of the reserves, edged-higher by $506 million to $368.54 billion during the week ended November 16.

Besides the US dollar, FCAs consist of 20-30 per cent of other major global currencies.

Further, the RBI's weekly data showed that the value of the country's increased by $73 million to $20.96 billion.

However, the SDR value was lower by $5.7 million to $1.45 billion, while the country's reserve position with the IMF decreased by $4.4 million to $2.62 billion.

First Published: Fri, November 23 2018. 19:26 IST
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