A view of the Reserve Bank of India (RBI) headquarters, in Mumbai. File.
| Photo Credit: PTI
In the second consecutive week of a rise within the kitty, India’s foreign exchange reserves have grown by $2.537 billion to $547.252 billion for the week ended November 18, the RBI mentioned on Friday.
In the earlier reporting week, the general kitty had swelled by $14.721 billion within the highest weekly rise since August 2021 to $544.715 billion.
It may be famous that in October 2021, the nation’s foreign exchange kitty had reached an all-time excessive of $645 billion. The reserves have been declining because the central financial institution deploys the kitty to defend the rupee amid pressures attributable to world developments.
Foreign foreign money belongings (FCA), a serious part of the general reserves, elevated by $1.76 billion to $484.288 billion in the course of the week to November 18, in accordance to the Weekly Statistical Supplement launched by the RBI on Friday.
Expressed in greenback phrases, the international foreign money belongings embody the impact of appreciation or depreciation of non-U.S. models just like the euro, pound and yen held within the international alternate reserves.
The gold reserves elevated by $315 million to $40.011 billion, it mentioned.
The Special Drawing Rights (SDRs) had been up by $351 million to $17.906 billion, the apex financial institution mentioned.
The nation’s reserve place with the IMF was additionally up by $111 million to $5.047 billion within the reporting week, the apex financial institution information confirmed.