Foreign Currency Reserves: India stood strong against every shock, foreign exchange reserves reached 616.7 billion dollars

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Foreign Currency Reserves: reserve Bank of India (rbi) said on Friday that the country’s foreign exchange reserves increased by $ 591 million to $ 616.733 billion in the week ending January 26. A week before this, the total foreign exchange reserves had fallen by a huge $2.795 billion to $616.143 billion. The country’s foreign exchange reserves had reached an all-time high of $645 billion in October, 2021. But last year, the Reserve Bank had to use a part of this reserve to manage the rupee amid global developments.

Reserves of Euro, Pound and Yen also increased

According to Reserve Bank data, in the week ending January 26, foreign currency assets, considered an important part of the currency reserves, increased by $ 289 million to $ 546.144 billion. Foreign currency assets quoted in dollar terms include the impact of movements in non-US currencies such as the euro, pound and yen held in foreign exchange reserves.

Gold reserves increased by $269 million

According to the Reserve Bank, in the week under review, gold reserves increased by $ 269 million to $ 47.481 billion. During this period, Special Drawing Rights (SDR) increased by $27 million to $18.248 billion. In the week under review, India’s reserve deposits with the International Monetary Fund increased by $6 million to $4.86 billion.

Investors’ capital increased by Rs 3.34 lakh crore

The market capitalization of companies listed on BSE reached its highest level ever on Friday. With the rise in the stock market, investors’ wealth increased by Rs 3.34 lakh crore. BSE Sensex based on 30 shares rose 440.33 points to close at 72,085.63 points. In the day’s trading it had climbed 1,444.1 points to reach 73,089.40 points. The market capitalization (mcap) of companies listed on BSE rose by Rs 3,34,413.44 crore to reach its all-time high of Rs 3,82,76,857.79 crore.

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