
The country’s foreign exchange reserves had fallen by $2.36 billion to $583.53 billion during the week ended October 20.
The increase comes as a welcome relief as RBI uses the country’s forex reserves to stabilise the rupee when it turns volatile.
Any increase in the forex kitty gives the RBI more headroom to release dollars in the market and stabilise the rupee in case it goes into a free fall.
The country’s foreign exchange reserves had declined by $14.166 billion to a five-month low of $584.74 billion for the week ended October 6.