India News | Forex Reserves Up USD 183 Mn to Record High of USD 560.715 Bn

Mumbai, Nov 6 (PTI) The country's foreign exchange reserves rose USD 183 million to touch a record high of USD 560.715 billion in the week ended October 30, RBI data showed on Friday.

In the previous week ended October 23, the reserves had jumped USD 5.412 billion to USD 560.532 billion.

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In the reporting week, the reserves rose due to an increase in foreign currency assets (FCA), a major component of the overall reserves.

FCA rose by USD 815 million to USD 518.339 billion, the RBI's weekly data showed.

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Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Gold reserves declined USD 601 million in the reporting week to USD 36.259 billion, the RBI data showed.

The special drawing rights with the International Monetary Fund (IMF)decreased USD 6 million to USD 1.482 billion during the week.

The country's reserve position with the IMF also declined by USD 25 million to USD 4.636 billion during the reporting week, the data showed.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)