Foreign Exchange Reserve: The country’s foreign exchange reserves increased by $ 6.306 billion to reach $ 584.755 billion in the week ending April 7. The Reserve Bank of India (RBI) has given this information on Friday.
Foreign Exchange Reserve: The country’s foreign exchange reserves increased by $ 6.306 billion to reach $ 584.755 billion in the week ending April 7. The Reserve Bank of India (RBI) has given this information on Friday. With this increase, the decline going on for the last two weeks has come to an end. Last week, the country’s foreign exchange reserves had decreased by $ 329 million to $ 578.42 billion.
What was the foreign exchange reserves in 2021
It is noteworthy that in October 2021, the total foreign exchange reserves of the country had reached the highest level of $ 645 billion. It declined later as the central bank used reserves to counter a sharp fall in the rupee’s exchange rate amid global developments.
Data released by RBI
According to the weekly data of the Reserve Bank, in the week ended April 7, foreign currency assets, a significant part of the reserves, increased by $ 4.74 billion to $ 514.431 billion. Foreign currency assets expressed in dollars also include the effects of movements in non-US currencies such as the euro, pound and yen.
How much did the gold reserve increase,
the Reserve Bank said that the value of the gold reserve increased by $ 1.496 billion to $ 46.696 billion in the week under review. According to the data, the Special Drawing Rights (SDR) increased by $ 58 million to $ 18.45 billion.
How much is the foreign exchange reserves in IMF
In the week under review, the country’s foreign exchange reserves kept in the International Monetary Fund (IMF) increased by $ 13 million to $ 5.178 billion.
