Rediffmail Money rediffGURUS BusinessEmail

Forex reserves jump $1.51 bn to $658.09 bn

December 06, 2024 22:09 IST
Source:PTI

India's forex reserves increased by $1.51 billion to $658.09 billion for the week ended November 29, the RBI said on Friday.

Photograph: Lisa Marie David/Reuters

The overall reserves had dropped by $1.31 billion to $656.58 billion in the previous reporting week.

The kitty has witnessed a declining trend in the recent past and had dropped by a record $17.761 billion in the week prior to the last.

 

The forex reserves had increased to an all-time high of $704.88 billion in end-September.

For the week ended November 29, foreign currency assets, a major component of the reserves, increased by $2.06 billion to $568.85 billion, the data released on Friday showed.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Gold reserves decreased by $595 million to $66.98 billion during the week, the RBI said.

The Special Drawing Rights (SDRs) were up by $22 million to $18.01 billion, the apex bank said.

India's reserve position with the IMF was also up by $22 million to $4.25 billion in the reporting week, the central bank data showed.

Source: PTI
© Copyright 2025 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

More News Coverage

RBI IMF Lisa Marie India Reuters

RELATED STORIES

WEB STORIES

No Whites! 4 White Foods To Limit For A Healthier You

What's Inside The Republic Day Invitation Box?

5 DIY Facemasks For Glowing Winter Skin

VIDEOS