12/02/2022 12:53:32 PM | Source: IANS
India's forex reserves rises over $2 bn
India's foreign exchange reserves rose by $2.198 billion during the week ended February 4.
The Reserve Bank of India's forex reserves increased to $631.953 billion from $629.755 billion reported for January 28.
The country's forex reserves comprises of foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $2.251 billion to $568.329 billion. However, the value of the country's gold reserves decreased by $210 million to $39.283 billion.
The SDR value rose by $98 million to $19.108 billion and the country's reserve position with the IMF increased by $59 million to $5.233 billion.
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