India's foreign exchange reserves increased by $2.49 billion to $719.55 billion in the week ended November 6, primarily due to a rise in foreign currency assets and a significant appreciation in gold reserves, according to the latest Reserve Bank of India (RBI) data.
aninews.in reported on November 13 that India’s foreign exchange reserves had reached $719.55 billion, with gold holdings rising by $2.21 billion. The Hindu had reported an earlier fall of $2.69 billion, to $717.06 billion, for the week ended October 30. The Hindu cited Reserve Bank of India explanations including FCNR(B) fund deployments and currency defense, while aninews.in’s headline does not state the period covered by its latest figures.
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