After 5 weeks of fall, India's forex reserves rise by over $1 bn
After five straight weeks of decline, India's forex reserves jumped by $1.054 billion to $393.132 billion in the week to November 2. The rise was led by an increase in foreign currency assets and gold holdings. After touching a record $426.028 billion in April, reserves are now down by $33 billion as the RBI sold dollars to contain rupee volatility.