India’s foreign exchange reserves increased by USD 4.67 billion to USD 590.78 billion

The Reserve Bank of India reported on Friday that India’s forex reserves increased by USD 4.672 billion to USD 590.783 billion for the week ended November 3.

According to the central bank, foreign currency assets, an important component of reserves, increased by USD 4.392 billion.

The total value of the gold owned increased by USD 200 million to USD 46.123 billion.

The country’s SDRs climbed by USD 64 million to USD 17.975 billion, while its reserve position with the IMF increased by USD 16 million to USD 4.789 billion, as per the apex bank.

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