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India’s Forex Reserves Rise To Over $451 Billion

India's Forex Reserves Rise To Over $451 Billion

India’s forex reserves comprise FCAs, gold reserves, SDRs and reserve position with IMF

Mumbai: 

The country’s foreign exchange reserves rose by $2.48 billion during the week ended November 29, official data showed on Friday.

According to the Reserve Bank of India’s weekly statistical supplement, the overall forex reserves increased to $451.08 billion from $448.59 billion reported for the week ended November 22.

India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India’s reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $2.64 billion at $419.36 billion.