Mumbai:
The country’s foreign exchange reserves rose $ 1.57 billion to $ 677.83 billion in the week ended April 11. The Reserve Bank of India (RBI) said on Friday that foreign exchange reserves have increased in the sixth consecutive week. The total foreign exchange reserves had increased by $ 10.87 billion to $ 676.27 billion in the previous week ended on April 4.
In September 2024, foreign exchange reserves rose to an all -time high of $ 704.89 billion.
According to the Reserve Bank data, a major part of the foreign exchange reserves increased by US $ 89.2 million to $ 574.98 billion in the week ended April 11.
Increase in price of gold reserves also
Foreign exchange assets mentioned in terms of dollars include the effects of the decrease of non-American currencies such as the euros, pounds and yen placed in foreign exchange reserves.
In the week under review, the price of gold reserves increased by $ 63.8 million to $ 79.99 billion.
India’s reserved reserves also increased near IMF
Special Drawing Rights (SDR) declined by $ 60 million crore to $ 18.36 billion.
According to the central bank data, India’s reserved reserves with the International Monetary Fund (IMF) increased to $ 4.50 billion in the week under review.
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