Currency reserves increase $ 1.9 billion to $ 642 billion – News2IN
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Currency reserves increase $ 1.9 billion to $ 642 billion

Currency reserves increase $ 1.9 billion to $ 642 billion
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Mumbai: Forex India reserves have increased by $ 1.919 billion to $ 642,019 billion for the week ended October 29 on a healthy increase in currency assets and gold value, the reserve bank said on Friday.
Overall reserves decreased $ 908 million to $ 640.1 billion at the end of the previous reporting week.
Foreign currency assets, the main part of the overall reserve, increased by $ 1.363 billion to $ 578.462 billion for weekly reporting, RBI said in weekly data.
Stated in the term dollar, foreign currency assets include the effect of appreciation or depreciation of non-US units such as euros, pounds and yen held in foreign exchange reserves.
The value of gold reserves increased by $ 572 million to $ 39.012 billion on week report, data showed.
Special image rights (SDR) with the International Monetary Fund (IMF) rose $ 17 million to $ 19.304 billion.
The position of the state reserves with the IMF increased $ 1 million to $ 5.242 billion in week reporting, data showed.

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