India’s foreign exchange reserves rose by $1.51 billion to $658.09 billion on November 29, according to data shared by the Reserve Bank of India (RBI) on Friday.
Last week, India’s foreign exchange reserves stood at $656.58 billion.
The Weekly Statistical Supplement published by the RBI showed that the major contributor to this increase was the rise in foreign currency assets (FCAs), which rose by $2.06 billion to $568.85 billion.
Meanwhile, gold reserves fell by $595 million, bringing the total to $66.97 billion.
Special Drawing Rights (SDRs) increased by $22 million to a total of $18.00 billion, while the reserve position in the International Monetary Fund (IMF) also increased by $22 million to $4.25 billion.
