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India's forex reserves declined by USD 2.36 billion to USD 583.53 billion during the week ended October 20, according to the Reserve Bank of India data. In the previous reporting week, the overall reserves had increased by USD 1.153 billion to USD 585.895 billion. In October 2021, the country's
Gold reserves were up by $1.268 billion to $43.575 billion during the week; special drawing rights were up by $72 million to $17.995 billion
India's forex reserves increases by $1.153 billion to $585.895 billion
India's foreign exchange reserves rose by $1.153 billion to reach $585.895 billion for the week ending October 13, according to the Reserve Bank of India (RBI). The increase comes after a decrease of $2.166 billion in the previous week. Foreign currency assets dropped by $178 million to $519.35 billion, while gold reserves increased by $1.27 billion to $43.58 billion.
After multiple weeks of decline, India's forex reserves increased by $1.15 billion to $585.89 billion during the week ended October 13, according to the RBI data. In the previous reporting week, the overall reserves had dropped by $2.17 billion to $584.74 billion. In October 2021, the country's forex kitty reached an all-time high of $645 billion.