India Forex Reserves: Rise witnessed! Check current status and what RBI weekly statistical supplement data shows

India Forex Reserves: According to an official data cited by the Reserve Bank of India's in weekly statistical supplement, India's foreign exchange reserves rose by $2.48 billion during the week ended November 29. As per RBI's weekly statistical supplement, the overall forex reserves increased to $451.08 billion from $448.59 billion reported for the week ended November 22.

Forex reserves: What all they are comprised of?

-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.

Gold reserves

However, the RBI's weekly data showed that the value of the country's gold reserves went down by $148 million to $26.64 billion.

Special drawing rights (SDRs)

Similarly, the SDR value inched down by $4 million to $1.43 billion, while, the country's reserve position with the IMF declined by $6 million to $3.62 billion.

Last week data

Earlier it was reported that India's foreign exchange reserves rose by $347 million during the week ended November 22. According to the Reserve Bank of India's weekly statistical supplement, the overall forex reserves increased to $448.59 billion from $448.24 billion reported for the week ended November 15.

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $254 million at $416.72 billion. Similarly, the RBI's weekly data showed that the value of the country's gold reserves went up by $87 million to $26.79 billion. Similarly, the SDR value inched up by $5 million to $1.44 billion, while, the country's reserve position with the IMF rose by $2 million to $3.63 billion.