Forex Reserve India, India’s foreign exchange reserves at the top of 15 months, Pakistan’s bag also filled with ‘charity’ – india’s forex reserves top 600 billion dollar pakistan’s forex reserves double
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New Delhi: The country’s foreign exchange reserves have reached a 15-month high. It increased by $12.74 billion to $609.02 billion in the week ended July 14. RBI RBI gave this information on Friday. Last week, the country’s total foreign exchange reserves had increased by $ 1.23 billion to $ 596.28 billion. The country’s foreign exchange reserves reached a record high of $645 billion in October 2021. But it declined as reserves were used to hedge the rupee amid pressures created by global events. Meanwhile, Pakistan’s foreign exchange reserves have also doubled.
According to the RBI’s weekly data, foreign currency assets, a significant part of foreign exchange reserves, increased by $ 11.19 billion to $ 540.17 billion in the week ended July 14. Foreign currency assets expressed in dollars also include the effects of movements in non-US currencies such as the euro, pound and yen. According to the Reserve Bank, the value of gold reserves increased by $ 1.14 billion to $ 45.19 billion. According to the data, the SDR increased by $250 million to $18.48 billion. During this period, the country’s currency reserves with the International Monetary Fund (IMF) increased by $ 158 million to $ 5.17 billion.double of pakistan
According to the RBI’s weekly data, foreign currency assets, a significant part of foreign exchange reserves, increased by $ 11.19 billion to $ 540.17 billion in the week ended July 14. Foreign currency assets expressed in dollars also include the effects of movements in non-US currencies such as the euro, pound and yen. According to the Reserve Bank, the value of gold reserves increased by $ 1.14 billion to $ 45.19 billion. According to the data, the SDR increased by $250 million to $18.48 billion. During this period, the country’s currency reserves with the International Monetary Fund (IMF) increased by $ 158 million to $ 5.17 billion.
double of pakistan
Meanwhile, foreign exchange reserves of neighboring Pakistan also almost doubled to $8.73 billion in the week ended July 14. Pakistan’s foreign exchange reserves have increased on the basis of the help received from IMF, Saudi Arabia and UAE. This is the highest since October last year. Then the Central Bank of Pakistan had foreign exchange reserves of $ 8.76 billion. Pakistan received about $ 4.2 billion in aid last week. In the last one year, Pakistan’s exports have declined by 13 percent and FDI by 25 percent. Pakistan’s old friend China has given it a commercial loan of $600 million.
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