India’s forex reserves rises over $2 bn #Indias #rises

Mumbai, Feb 11 : Indias foreign exchange reserves rose by $2.198 billion during the week ended February 4.

The Reserve Bank of Indias forex reserves increased to $631.953 billion from $629.755 billion reported for January 28.The countrys forex reserves comprises of foreign currency assets (FCAs), gold reserves, SDRs, and the countrys reserve position with the IMF.On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $2.251 billion to $568.329 billion.However, the value of the countrys gold reserves decreased by $210 million to $39.283 billion.The SDR value rose by $98 million to $19.108 billion and the countrys reserve position with the IMF increased by $59 million to $5.233 billion.#Indias #rises #Mumbai #Mumbai .