India’s foreign exchange reserves rose by $1.51 billion to $658.09 billion as of November 29, according to data shared by the Reserve Bank of India (RBI) on Friday.
For the previous week, India’s foreign exchange reserves were $656.58 billion.
The Weekly Statistical Supplement released by the RBI showed that the primary contributor to this rise was the increase in Foreign Currency Assets (FCAs), which went up by $2.06 billion to $568.85 billion.
Meanwhile, gold reserves dipped by $595 million bringing the total to $66.97 billion.
The Special Drawing Rights (SDRs) rose by $22 million, now totaling $18.00 billion, the reserve position in the International Monetary Fund (IMF), too went up by $22 million, standing at $4.25 billion.
