India's forex reserve rise for second week to $547.25 bn
1 min read . Updated: 25 Nov 2022, 05:29 PM IST
PremiumForeign currency assets rose $1.76 billion to $484.29 billion for the week ending November 18
India's forex reserves increase by $2.54 billion to $547.25 billion for the week ended November 18, according to data released by Reserve Bank of India.
The rise in the foreign exchange reserves can be attributed to gains in the Foreign Currency Assets (FCA), which is a major component of the overall reserves, according to the Weekly Statistical Supplement released by RBI.
Foreign currency assets rose $1.76 billion to $484.29 billion for the week ending November 18. Gold reserves rose $315 million to $40.01 billion.
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