Forex Market News- India’s foreign exchange reserves up by USD 240.4 mn to USD 399.533 bn

Doller, Rupee, Money Maker ResearchThe foreign exchange reserves of India rose by USD 240.4 million to USD 399.533 billion in the week to November 17, aided by a boost up in foreign currency assets, the weekly data from the RBI showed on Friday.
In the previous week, the foreign exchange reserves had risen by USD 554.2 million to USD 399.293 billion. The foreign currency assets, a key component of the overall reserves have grown by USD 220.4 million to USD 375.096 billion, as per data.
Expressed in the U.S dollar terms, foreign currency assets include the effect of appreciation or depreciation of the non US currencies such as the euro, pound and the yen held in the reserves.
Gold reserves remained firm at USD 20.66 billion. Special drawing rights from the International Monetary Fund (IMF) rose by USD 7.9 million from the previous week to USD 1.497 billion.

Report By-  SEBI Registered Stock Advisory Company