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Forex reserves scale record high of $442.5 billion

November 01, 2019 23:31 IST

For the week under review, foreign currency assets, which are the biggest parts of the reserves, increased by $1.642 billion to $410.453 billion.

Illustration: Dominic Xavier/Rediff.com

India's forex reserves increased by $1.832 billion to a new lifetime high of $442.583 billion in the week ended October 25, helped by a jump in core currency assets and value of gold, RBI data showed on Friday.

The overall kitty had expanded by $1.04 billion to $440.751 billion in the previous reporting week.

 

For the week under review, foreign currency assets, which are the biggest parts of the reserves, increased by $1.642 billion to $410.453 billion, as per the data.

Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in the foreign exchange reserves.

Value of gold reserves increased by $ 191 million to $ 27.052 billion for the week.

The special drawing rights with the International Monetary Fund was up by $ 1 million to $ 1.441 billion.

The country's reserve position with the Fund dipped by $ 2 million to $ 3.637 billion, the data showed.

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