India's Foreign Exchange Reserves Rise By $289 Million To $640.401 Billion

India's foreign exchange reserves rose by $289 million during the week ending on 19 November.

According to the Reserve Bank of India's (RBI) weekly statistical supplement, the forex reserves increased to $640.401 billion from $640.112 billion reported for the week ending on 12 November.

India's forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $225 million to $575.712 billion.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.

Similarly, the value of the country's gold reserves increased by $152 million to $40.391 billion.

However, the SDR value decreased by $74 million to $19.110 billion.

Meanwhile, the country's reserve position with the IMF decreased by $13 million to $5.188 billion.