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India’s foreign exchange reserves saw the single biggest weekly accretion in the last few months, with the reserves jumping $6.561 billion in the week ended October 28, 2022, to stand at $531.081 billion.
All four components of the reserves rose — foreign currency assets (up by $5.772 billion), gold ($556 million), Special Drawing Rights ($185 million) and Reserve Position in the IMF ($48 million).
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Share of gold in total forex reserves rises: RBI report
RBI’s gold holding increased by 41.51 metric tonnes to 785.35 metric tonnesDuring the calendar year so far, the reserves shrunk by $110.938 billion. Since March-end till date, the reserves have dwindled by $76.228 billion.
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