Foreign exchange reserves increased by $ 10.47 billion to $ 636.095 billion.
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Mumbai The country’s foreign exchange reserves increased by $ 10.47 billion to $ 636.095 billion in the week ending March 8. The Reserve Bank of India gave this information on Friday. A week before this, the country’s total foreign exchange reserves had increased by $ 6.55 billion to $ 625.626 billion.
In October, 2021, the country’s foreign exchange reserves had reached an all-time high of $645 billion. But amid the pressures caused by global developments, the central bank used capital reserves to arrest the fall of the rupee which had affected the currency reserves.
According to Reserve Bank data, foreign currency assets, considered an important part of the currency reserves, increased by $ 8.121 billion to $ 562.352 billion in the week ending March 8. Foreign currency assets denominated in dollar terms include the impact of movements in non-US currencies such as the euro, pound and yen held in foreign exchange reserves.
The Reserve Bank said the value of gold reserves increased by $2.299 billion to $50.716 billion during the week. The Reserve Bank said that Special Drawing Rights (SDR) increased by $ 31 million to $ 18.211 billion. According to the Reserve Bank, India’s reserve deposits with the International Monetary Fund (IMF) also increased by $ 19 million to $ 4.817 billion in the week under review.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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