MUMBAI: The nation’s foreign exchange reserves swelled by $5.412 billion to the touch an all-time excessive of $560.532 billion within the week ended October 23, RBI information confirmed on Friday.
Within the earlier week ended October 16, the reserves stood at $555.12 billion after rising by $3.615 billion.
Through the reporting week, the surge in the forex kitty was primarily on account of a rise in overseas foreign money belongings (FCA), a serious element of the general reserves.
FCA rose by $5.202 billion to $517.524 billion, the RBI’s weekly information confirmed.
Expressed in greenback phrases, the overseas foreign money belongings embrace the impact of appreciation or depreciation of non-US models just like the euro, pound and yen held within the overseas trade reserves.
The gold reserves have been up by $175 million within the reporting week to $36.860 billion, as per the central financial institution information.
The particular drawing rights with the Worldwide Financial Fund (IMF) rose by $eight million to $1.487 billion.
The nation’s reserve place with the IMF additionally climbed by $27 million to $4.661 billion through the reporting week, the info confirmed.

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