India`s FX reserves rise to $550 billion in week ended November 25
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/fdacf281c1df17d281653578da7e8e3d.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
India's foreign exchange reserves rose for the third straight week, to $550.14 billion in the week through Nov. 25, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.
For the week ended Nov. 18, the country's reserves were at $547.25 billion.
Since hitting an over two-year low of $524 billion in October, forex reserves have been rising as the dollar index fell off its peak. The RBI in the past has said changes in its reserves is a function of revaluation gains or losses, as well as market interventions.
After the volatility in early November, the Indian rupee has moved in a narrow band over the past two weeks, with traders reckoning it would remain stable between the 81-82 per dollar range in the near term.
![](https://portfolio.investmentguruindia.com/uploads/news/Harry Bajaj-mobec.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/african22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalagdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GDP117117.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalaS22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GV_Sports.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/niramala22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/LTIMindtree Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/pumps motor.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul22v30_NLxKJhR.jpg)