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<div>India's foreign exchange reserves rose by over $3 billion during the week ended May 22.<br></div><div><br></div><div>According to the RBI's weekly statistical supplement, the overall forex reserves increased to $490.044 billion from $487.039 billion reported for the week ended May 15.</div><div><br></div><div>India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF).</div><div><br></div><div>On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.035 billion to $451.706 billion.</div><div><b><br></b></div><div><b>Also Read:&nbsp;</b><a href="https://www.truescoopnews.com/newsdetail/cash-handout-to-poor-migrants" target="_self"><font color="#ff0000">Cash handout to poor, migrant labourers if COVID crisis deepens: Finance Ministry sources</font></a></div><div><br></div><div>However, the value of the country's gold reserves decreased by $127 million to $32.779 billion.</div><div><br></div><div>Besides, the SDR value inched up by $8 million to $1.432 billion.</div><div><br></div><div>The country's reserve position with the IMF increased by $89 million to $4.12 billion.</div>

n a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.035 billion to $451.706 billion.

India's forex reserves rise by over $3 billion

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India's forex reserves rise by over $3 billion

n a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.035 billion to $451.706 billion.

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