Mumbai: The country’s foreign exchange reserves in 2018 It increased by $2.5 billion in the week ending November 18.
This is the second week in a row that forex stocks have risen. An increase in reserves reflects the appreciation of non-dollar investments and an improvement in direct purchases of dollars. RBI.
Foreign exchange reserves hit a record high of $645 billion in October 2021. Since then, the rupee has gradually depreciated due to the war in Ukraine and rising crude oil prices.
Foreign currency assets, which make up the bulk of its assets, rose by $1.76 billion to $438.3 billion in the week ended November 18, according to RBI data on Friday. Gold reserves rose by $315 million to $40.
This is the second week in a row that forex stocks have risen. An increase in reserves reflects the appreciation of non-dollar investments and an improvement in direct purchases of dollars. RBI.
Foreign exchange reserves hit a record high of $645 billion in October 2021. Since then, the rupee has gradually depreciated due to the war in Ukraine and rising crude oil prices.
Foreign currency assets, which make up the bulk of its assets, rose by $1.76 billion to $438.3 billion in the week ended November 18, according to RBI data on Friday. Gold reserves rose by $315 million to $40.
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