Economic dataMoneycontrol
Forex reserves rise $2.49B to $719.55B
Positive+514 sources
GreyOak summary
India's foreign exchange reserves increased by $2.49 billion to $719.55 billion in the week ended November 6. This rise was driven primarily by a $2.2 billion gain in gold reserves, which offset $1 billion in net dollar sales by the RBI. The increase marks the first weekly growth since September 4.
What it affects
- Forex reservesPositive +51
Reserves rose $2.49B to $719.55BRolling sentiment Positive +37
