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BW Businessworld

India's Forex Kitty Increases By $289 Mn To $640.40 Bn

The overall reserves had declined by USD 763 million to USD 640.112 billion in the previous reporting week.

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India's forex exchange reserves increased by USD 289 million to USD 640.401 billion for the week ended November 19, the Reserve Bank said on Friday.

The overall reserves had declined by USD 763 million to USD 640.112 billion in the previous reporting week. They had touched a life time high of USD 642.453 billion in the week ended September 3, 2021.

Foreign Currency Assets (FCA), a major component of the overall reserves, increased by USD 225 million to USD 575.712 billion, according to the Reserve Bank of India's (RBI) weekly data. 

(PTI)