India’s foreign exchange reserves rose by $2 billion to $320 billion for the week ended October 28, on account of revaluation of foreign currency assets. According to the Reserve Bank of India, foreign currency assets increased by $1.9 billion to $284 billion.
While gold reserves remained unchanged at $28.6 billion, special drawing rights (SDR) and the reserves position in the International Monetary Fund (IMF) went up by $64 million and $37 million, respectively. SDRs rose to $4.6 billion and the reserve position in the IMF was up at $2.6 billion during the reporting period.
