India’s overseas trade reserves noticed the one greatest weekly accretion in the previous few months, with the reserves leaping $6.561 billion within the week ended October 28, 2022, to face at $531.081 billion.
All 4 elements of the reserves rose — overseas foreign money belongings (up by $5.772 billion), gold ($556 million), Particular Drawing Rights ($185 million) and Reserve Place within the IMF ($48 million).
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Share of gold in complete foreign exchange reserves rises: RBI report
RBI’s gold holding elevated by 41.51 metric tonnes to 785.35 metric tonnes
In the course of the calendar 12 months up to now, the reserves shrunk by $110.938 billion. Since March-end until date, the reserves have dwindled by $76.228 billion.