India’s foreign exchange reserves increase by $5.5 billion to $692.6 billion as the value of gold rises sharply.
Due to a sharp rise in the value of gold reserves, India’s foreign exchange reserves increased $5.543 billion to $692.576 billion during the week ending November 14, the RBI reported on Friday. In the previous reporting week, the total reserves had decreased by $2.699 billion to $687.034 billion. According to figures issued on Friday, foreign…