India’s Foreign Exchange Reserves Increased: The country’s foreign exchange reserves rose $ 1.57 billion to $ 677.83 billion in the week ended April 11. The Reserve Bank of India (RBI) said on Friday that foreign exchange reserves have increased for 6 consecutive weeks. The total foreign exchange reserves rose $ 10.87 billion to $ 676.27 billion in the previous week ended on 4 April. In September 2024, foreign exchange reserves rose to an all -time high of $ 704.89 billion.Also Read: Dollar vs Rupee: Rupee jumped against US dollar, 61 paise strong
Forex assets increased by US $ 89.2 million to $ 574.98 billion: According to the Reserve Bank data, a major part of the foreign exchange reserves increased by US $ 89.2 million to $ 574.98 billion in the week ended April 11. 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.ALSO READ: Historical boom of India’s economy, crossing 4 trillion dollars, became the fifth biggest strength in the world!
The price of gold reserves rose $ 63.8 million to $ 79.99 billion: In the week under review, the price of gold reserves increased by $ 63.8 million to $ 79.99 billion. Special Drawing Rights (SDR) declined by $ 60 million crore to $ 18.36 billion. According to central bank data, India’s reserved reserves with the International Monetary Fund (IMF) increased by $ 4.50 billion in the week. (Language)
Edited by: Ravindra Gupta
