#BUSINESS:
In the previous week ended October 1, the foreign exchange — forex — reserves had slid by $1.169 billion to $637.477 billion. The forex kitty had surged by $8.895 billion to a life time high of $642.453 billion in the week ended September 3.
The forex reserves overcame their poor run to rise by $2.039 billion to $639.516 billion during the week ended October 8, as per date from the Reserve Bank of India (RBI).
In the previous week ended October 1, the foreign exchange — forex — reserves had slid by $1.169 billion to $637.477 billion. The forex kitty had surged by $8.895 billion to a life time high of $642.453 billion in the week ended September 3.
During the reporting week ended October 8, the rise in the reserves was on account of an increase in the Foreign Currency Assets (FCAs), RBI data on Friday showed.
FCA rose by $1.55 billion to $577.001 billion in the reporting week, as per the data.
