The Reserve Bank said on Friday that India’s foreign exchange reserves increased by $ 1.57 billion for the week ended on 11 April.
This is the sixth consecutive week of growth in kitty. The overall reserves increased from $ 10.87 billion to $ 676.27 billion in the last reporting week ending April 4.
Foreign exchange reserves touched an all -time high of $ 704.89 billion in September 2024.
For the week ended on April 11, Forex property, a major component of reserves, rose to $ 892 million to $ 574.98 billion, revealed by data released on Friday.
Expressed in the terms of the dollar, foreign exchange assets include the impact of praise or depreciation of non-American units such as euros, pounds and yens held in foreign exchange reserves.
The RBI said the gold reserve during the week ran from $ 638 million to $ 79.997 billion.
Apex Bank stated that special drawing rights were less than $ 6 million $ 18.36 billion.
India’s reserved status with IMF was $ 43 million at $ 4.50 billion in the week, Apex bank data showed.
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