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India's foreign exchange reserves increased by 595 billion US dollars till November 17
Forex reserves: On November 17, the Reserve Bank of India (RBI) released a report on India's foreign exchange reserves for the week ended. According to this report, by November 17, 2023, the country's foreign exchange reserves increased by $0.077 billion to $595.397 billion. It fell by $62 million to $590.321 billion as of last week's reporting.
The Reserve Bank of India (RBI) has released the report of India's foreign exchange reserves during the week ending November 17. According to this report, by November 17, 2023, the country's foreign exchange reserves increased by US $ 0.077 billion to US $ 595.397 billion. At the same time, in last week's reporting it decreased by US $ 62 million to US $ 590.321 billion.
According to the weekly statistical supplement released by the Reserve Bank of India (RBI), for the week ended November 17, foreign exchange assets, and reserves increased by US$ 4.387 billion to US$ 526.391 billion. Let us tell you that in October 2021, the country's foreign exchange kitty had reached an all-time high of US $ 645 billion.
The central bank deployed capital reserves to protect the rupee amid pressure from global growth since last year. This has affected the stock. Non-US units such as the euro, pound, and yen held in foreign exchange reserves have also been affected.
