Mumbai: India’s foreign exchange reserves rose to $532.87 billion in the week through Oct. 7, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday.
The country’s reserves rose by $204 million from 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.
The rupee settled at 82.35 on Friday, having touched another record low of 82.68 on Monday after which the RBI likely intervened on multiple days to fall, as per traders. –Reuters
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