India’s foreign exchange reserves rose $ 1.48 billion to $ 695.10 billion in the week ended August 15. Last week it rose $ 4.74 billion to $ 693.61 billion. The largest component of foreign exchange reserves, foreign exchange assets, increased to $ 1.92 billion this week to $ 585.90 billion. It also includes the effect of fluctuations in non-American currencies such as euros, pounds and yen.
The treasure of the country was filled
Meanwhile, the gold reserves fell by $ 49.3 million to $ 85.66 billion. In addition, the Special Drawing Rights (SDR) increased by $ 4.1 million to $ 18.78 billion and India’s reserves in the International Monetary Fund (IMF) increased to $ 15 million to $ 4.75 billion.
What is the situation in Pakistan?
On the other hand, there has been a slight improvement in Pakistan’s foreign exchange reserves. In the week ended August 15, the State Bank of Pakistan had an increase of $ 14.256 billion with an increase of $ 1.4.256 billion.
According to data released by the central bank of Pakistan, the Forex Reserve, the Forex Reserve, has reached $ 19.571 billion. Commercial banks share it around $ 5.315 billion. According to Ketred Securities, Pakistan’s total foreign exchange reserves are $ 19.6 billion, which is sufficient for imports of 2.32 months.
What is foreign exchange reserves?
Significantly, the foreign exchange reserves of any country, there is a collection of foreign currencies such as dollars, euros and gold or other assets kept by the central bank or monetary authority of that country. The main objective of the foreign exchange reserves is to prevent the rupee -like currency stable or prevent falling, as well as paying in international trade and acting as a security trap to cover the balance of payments while dealing with economic crises.
