MUMBAI— India’s foreign-exchange reserves increased $3.6 billion to a record $251.3 billion in the week ended Oct. 5, suggesting the central bank bought dollars from the local currency market.
India’s foreign-currency assets increased by $3.6 billion to $243.5 billion, the Reserve Bank of India said in an e-mailed release in Mumbai. The nation’s special drawing rights with the International Monetary Fund remained unchanged at $2 million, the bank said.
Reserves with the International Monetary Fund fell by $1 million to $437 million in the week through Oct. 5, while gold reserves were held at $7.37 billion, the central bank said.
The rise in foreign-currency assets is partly because of changes in the value of the dollar against the euro, yen and other currencies during the period, the central bank said.