India’s Forex reserves mounts to $1.2 billion

Photo of logo of Reserve Bank of India (RBI).

According to the official data released, India’s foreign exchange (Forex) reserves slightly mounted by $1.20 billion as on November 24, 2017.

The Reserve Bank of India’s (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves rose to $400.74 billion from $399.53 billion reported for the week ended November 17.

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India’s Forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and the RBI’s position with the International Monetary Fund (IMF).

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