Home Business India's forex reserves increased for the first time in 2 months

India’s forex reserves increased for the first time in 2 months

Foreign exchange reserves stood at $532.66 billion at the end of the previous week ended September 30.

Mumbai:

India’s foreign exchange reserves rose to $532.87 billion in the week to October 7, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday.

India’s reserves increased by $204 million over the previous week, the first increase since the week ended July 29.

They were $532.66 billion at the end of the previous week ended Sept. 30.

According to traders, the rupee closed at 82.35 on Friday, having touched another record low of 82.68 on Monday, following which the RBI intervened for several days.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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