Foreign Exchange Reserves reach all-time high with an increase of $ 2.98 billion to $ 648.56 billion
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The country’s foreign exchange reserves have reached a new all-time high of $648.56 billion, increasing by more than $2.98 billion in the week ending April 5. Which was the all-time high of $ 645.58 billion in the last trading week. India’s reserve deposits with the IMF have also increased by $9 million to $4.669 billion.
Mumbai . The country’s foreign exchange reserves increased by more than $2.98 billion to a new all-time high of $648.56 billion in the week ending April 5. The Reserve Bank of India gave this information on Friday. In the last trading week, the country’s foreign exchange reserves had increased by $ 2.95 billion to $ 645.58 billion, which was an all-time high till that time. Earlier, in September 2021, the country’s foreign exchange reserves had reached an all-time high of $642.45 billion.
According to Reserve Bank data, foreign currency assets, considered an important part of the currency reserves, increased by $ 549 million to $ 571.17 billion in the week ending April 5. 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 the value of gold reserves increased by $ 2.39 billion to $ 54.56 billion during the week under review. The Reserve Bank said that Special Drawing Rights (SDR) increased by $ 24 million to $ 18.17 billion. According to the Reserve Bank, India’s reserve deposits with the International Monetary Fund (IMF) also increased by $9 million to $4.669 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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