Foreign exchange Reserves Rise For Second Week, Up $2.54 Billion To $547.25 Billion

Mumbai:

India’s international change reserves rose for a second week to $547.25 billion within the week by means of Nov. 18, the Reserve Financial institution of India’s (RBI) weekly statistical complement confirmed right this moment.

It was a risky week for rupee, as sharp strikes introduced it again to commerce within the 81-per-dollar-handle from close to 80.50.

The foreign money moved in a slender band within the week ended Nov 25 to shut unchanged at 81.6850.

For the week ended Nov. 11, the nation’s reserves had been at $544.72 billion. General, they’ve declined from $632.7 billion in the beginning of this yr, because the RBI has offered a portion of the reserves to ease volatility within the foreign money markets.

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