Forex reserves of India have witnessed a surge by $5.077 billion, reaching a total of $595.397 billion, according to the latest data released on Friday by the Reserve Bank of India (RBI).
Earlier, there was a decrease of $462 million in forex reserves, bringing the total to $590.32 billion for the week ending November 10.
As per the Weekly Statistical Supplement published by the RBI, there was a $4.39 billion increase in Foreign Currency Assets (FCAs), bringing the total to $526.39 billion.
Gold reserves increased by $527 million, reaching $46.04 billion, and Special Drawing Rights (SDRs) saw a rise of $120 million, reaching $18.13 billion. The IMF's reserve position has been increased by $42 million, reaching a total of $4.83 billion.
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