Forex Reserves increased by USD 2.032 billion to USD 320.390 billion

India-s Forex reserves continues with its upward journey for fifth consecutive weeks as it surged by whopping USD 2.032 billion to USD 320.390 billion for the week ended October 28, as per the recent weekly data released by RBI. It helped the forex reserves to cross USD 320 billion mark as well.


This increase was mainly due to increase in the value of total foreign currency assets.  The Foreign Currency Assets (FCA) was increased by USD 1.931 billion to USD 284.445 billion for the same week, which has pushed the total forex reserves higher. The SDRs (Special Drawing Rights) and Reserve portion with IMF were also increased by USD 64 million and USD 37 million respectively for the same week. Total SDR (Special Drawing Rights) and Reserve portion with IMF now stood at USD 4.606 billion and 2.672 billion respectively. Gold valued stood unchanged at USD 28.667 billion.