India’s foreign exchange reserves rose $ 5.57 billion to $ 629.55 billion – CNBC TV18

On Friday (January 31), the Reserve Bank of India said the Reserve Bank of India said that India’s foreign exchange reserves grew by $ 5.574 billion to $ 629.557 billion. In the previous reporting week, the overall kitty was reduced to $ 1.888 billion to $ 623.983 billion.

Reserve has been on a decreasing trend for the past few weeks, and the Reserve Bank of India (RBI) has been held responsible for re -evaluation with the intervention of the foreign exchange market to help reduce the instability in the rupee. That foreign exchange reserves had increased by all time of $ 704.885 billion in September.

For the week ended on 24 January, Forex property, a major component of reserves, according to RBI data, increased from $ 4.758 billion to $ 537.891 billion.

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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 rose $ 704 million to $ 69.651 billion during the week. Apex Bank stated that special drawing rights (SDR) ranged from $ 79 million to $ 17.861 billion. India’s reserved status with IMF ranged from $ 33 million to $ 4.154 billion in the week, Apex bank data showed.