For the week ended Nov 18, India’s reserves had been at $547.25 billion.(File)
Mumbai:
India’s international trade reserves rose for the third straight week, to $550.14 billion within the week via Nov. 25, the Reserve Financial institution of India’s (RBI) weekly statistical complement confirmed on Friday.
For the week ended Nov 18, the nation’s reserves had been at $547.25 billion.
Since hitting an over two-year low of $524 billion in October, foreign exchange reserves have been rising because the greenback index fell off its peak. The RBI up to now has stated adjustments in its reserves is a operate of revaluation positive factors or losses, in addition to market interventions.
After the volatility in early November, the Indian rupee has moved in a slender band over the previous two weeks, with merchants reckoning it might stay secure between the 81-82 per greenback vary within the close to time period.
(Aside from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)
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