Foreign exchange reserves increased: The country's foreign exchange reserves increased by $ 1.51 billion to $ 658.09 billion in the week ended November 29. The Reserve Bank of India gave this information on Friday. In the previous week, the country's foreign exchange reserves fell by $ 1.31 billion to $ 656.58 billion. In the previous week too, the foreign exchange reserves fell by a record $ 17.76 billion.
The foreign exchange reserves had reached an all-time high of $ 704.88 billion at the end of September. According to data released by the Reserve Bank on Friday, foreign currency assets, which are considered an important part of the foreign exchange reserves, increased by $ 2.06 billion to $ 568.85 billion in the week ended November 29. Foreign currency assets mentioned in dollar terms include the effect of fluctuations in non-US currencies like the Euro, Pound, and Yen held in the foreign exchange reserves. The value of gold reserves fell by $ 595 million to $ 66.98 billion in the week under review.
Special Drawing Rights (SDR) increased by $ 22 million to $ 18.01 billion. According to the Reserve Bank data, India's reserve with the International Monetary Fund (IMF) increased by $ 22 million to $ 4.25 billion during the week under review.
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