Gold reserves remained unchanged at $21.584 billion.
Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
Foreign currency assets rose $1.569 billion to $329.58 billion
The gold reserves remained stable at $19.335 billion.
Country's foreign exchange reserves declined sharply by $3.433 billion to $351.920 billion.
Rise in reserves was predominantly on account of increase in FCAs
FCAs decreased by $3.56 billion to $325.03 billion.
Continuing their rising trend, the country's foreign exchange reserves increased by $1.350 billion to touch a record high of $361.601 billion in the week to April 22.
Gold reserves declined by $346.2 million.
Foreign exchange reserves dipped marginally by $237.5 million to $355.221 billion in the week to June 26.
The gold reserves remained unchanged at $18.151 billion.
Foreign currency assets surged $2.541 billion to $284.571 billion in the period.
Gold reserves remained unchanged at $20.691 billion.
Foreign currency assets, a major part of the overall reserves, surged $493.2 million to $282.029 billion for the period under review, Reserve Bank of India said on Friday.
Investing in the US market provides Indian investors a hedge against the rupee's long-term tendency to depreciate against the dollar.
In the previous week, the reserves had fallen by $121.3 million to $360.905 billion.
India's exchange reserves rose by a robust $2.03 billion to $277.38 billion in the week ended September 20 on a healthy increase in the core currency assets, Reserve Bank said.
The three-year tenure of Raghuram Rajan saw the RBI adding a net of $92 billion to the kitty.
The marginal decline in reserves was on account of fall in foreign currency assets
Foreign currency assets, a major component of the overall reserves, rose by $1.404 billion to $338.897 billion in the reporting week
In the previous week, the reserves had fallen by $3.028 billion to $360.797 billion.
In the previous week, total reserves dropped by $273.8 million to $312.382 billion.
Foreign currency assets, a major component of the overall reserves, declined by $3.208 billion to $395.276 billion.
Foreign exchange reserves have hit a fresh high.
Foreign currency assets increase by $3.902 billion
India's foreign exchange reserves strengthened by $544.7 million to $275.35 billion on a healthy increase in the core currency assets in the week ended September 13.
India's foreign exchange reserves declined by a huge $2.23 billion to $275.49 billion on a sharp dip in the foreign currency assets, the Reserve Bank said on Friday.
Last week, the forex reserves had surged by $2.374 billion to $363.171 billion.
The country's foreign exchange reserves rose by $1.434 billion in the week ended August 9, after dropping by $2.99 billion previous week, the Reserve Bank of India said.
Indian reserves stood at $343 billion at the end of March 2015.
India's gold reserves were also up by $297.7 million to $19.33 billion
Country's foreign exchange reserves dropped by $2.063 billion to $ 335.729 billion in the week to March 13.
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In the previous week, total reserves increased by $950.9 million to $313.536 billion.
The reserves had jumped $2.03 billion to $277.38 billion in the previous week.
Gold reserves rose by $588.8 million to $21.566 billion, as per the RBI data.
India's foreign exchange reserves declined by $685.1 million to $274.81 billion in the week ended August 30 due to a dip in the foreign currency assets, the Reserve Bank said.
Suresh Prabhu on the priority being given to safety and the need for more funds for railways to move ahead.
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
India's foreign exchange reserves dropped by $1.087 billion to stand at $529.99 billion for the week ended November 4 on a sharp decline in gold reserves, the Reserve Bank said on Friday. In the previous reporting week, the reserves had swelled by $6.561 billion to reach $531.08 billion, making it the biggest weekly jump in a year. In October 2021, the country's forex kitty had reached an all-time high of $645 billion.
