India A very good news has come on Friday about the foreign exchange reserves. In the week ended May 23, the country’s foreign exchange reserves gained $ 6.99 billion to a $ 692.72 billion. The Reserve Bank of India (RBI) gave this information on Friday. Let us tell you that the foreign exchange reserves of the domestic had increased to $ 685.73 billion after a major fall of dollars in the week ended on 16 May. At the end of September 2024, the foreign exchange reserves reached $ 704.88 billion lifetime high.
How was the status of foreign exchange reserves in the past weeks
The country’s foreign exchange reserves increased by $ 4.55 billion to $ 690.62 billion in the week ended on 9 May. Prior to that, the country’s total foreign exchange reserves fell by $ 2.06 billion to $ 686.06 billion in the week ended May 2. A week earlier, the currency reserves increased by $ 1.98 billion to $ 688.13 billion in the week ended on 25 April.
What happened in the value of gold reserve
According to the Reserve Bank data, a major part of the foreign exchange reserves increased by $ 45.16 million to $ 586.17 billion in the week ended May 23. Foreign exchange assets mentioned in terms of dollars include the effects of the decrease of non-American currencies such as euros, pounds and yen placed in foreign exchange reserves. During this period, the value of the country’s Gold Reserve (Gold reserves) increased by $ 2.37 billion to $ 83.58 billion.
What is the update of India’s reserved reserves with IMF
Special Drawing Rights (SDR) rose $ 8.1 million to $ 18.57 billion. According to the central bank data, India’s reserved reserves with the International Monetary Fund (IMF) also increased by $ 300 million to $ 4.40 billion in the week under review.
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