Forex Reserves increased by USD 858 million to USD 318.358 billion

India-s Forex Reserves jumped by USD 858 million to USD 318.358 billion for the week ended October 21, as per the recent weekly data released by RBI. The forex reserves were jumped by a whopping USD 5.269 billion during the previous week.


This increase was mainly due to revaluation of the Foreign Currency Assets (FCA), which was increased by USD 861 million to USD 282.514 billion for the same week. The SDRs (Special Drawing Rights) and the Reserve portion with IMF were dropped by USD 2 million and USD 1 million respectively for the same week. The value of Gold reserve remained unchanged at USD 28.667 billion.