Foreign exchange reserves increased by $ 140 million to $ 642.63 billion.
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Mumbai The country’s foreign exchange reserves increased by $140 million to reach a new high of $642.631 billion in the week ending March 22. Reserve Bank of India gave this information. This is the fifth consecutive week when foreign exchange reserves have increased. A week before this, the country’s total foreign exchange reserves had increased by $6.39 billion to $642.49 billion. In September 2021, the country’s foreign exchange reserves had reached a high of $ 642.45 billion. But amid pressures caused by global developments, the central bank used capital reserves to arrest the fall of the rupee, leading to a slight decline in currency reserves.
According to Reserve Bank data, in the week ending March 15, foreign currency assets, considered an important part of the currency reserves, declined by $ 123 million to $ 568.38 billion. 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 that during the week under review, the value of gold reserves increased by $ 347 million to $ 51.48 billion.
The Reserve Bank said that Special Drawing Rights (SDR) declined by $ 57 million to $ 18.219 billion. According to the Reserve Bank, India’s reserve deposits with the International Monetary Fund (IMF) also decreased by $ 27 million to $ 4.662 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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