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India’s foreign exchange (forex) reserves jumped by $1.83 billion, to $282.95 billion in the week-ended October 25. The reserves increased for the second week in a row due to increase in foreign currency assets. In the previous reporting week-ended October 18, forex reserves were up $1.88 billion to $281.12 billion.
In the reporting week, a break-up of the forex reserves shows that foreign currency assets soared by $1.81 billion to $254.50 billion. Gold reserves remained unchanged at $21.76 billion. Special Drawing Rights and the country’s reserve position in the International Monetary Fund increased by $13.7 million and $6.9 million, respectively.
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