Forex reserves rise for 4th week, hit over 3-month high
The RBI in the past has said changes in its reserves is a function of revaluation gains or losses, as well as market interventions.For the week ended Nov. 25, the country’s reserves were at $550.14 billion. Overall, they have declined from $632.7 billion at the beginning of this year, as the RBI has sold a portion of the reserves to ease volatility in the currency markets.
