foreign exchange reserves of the country It has been increasing continuously for the last three weeks. Let us tell you that the country’s foreign exchange reserves increased by $ 4.55 billion to a new all-time high of $ 648.7 billion in the week ended May 17. The Reserve Bank of India gave this information on Friday. This is the third consecutive week of increase in foreign exchange reserves. In the previous week, it had increased by $ 2.56 billion to $ 644.15 billion. In the week ended April 5, it had reached an all-time high of $ 648.56 billion.
Information received from Reserve Bank data
According to the data of the Reserve Bank, foreign currency assets, which are considered an important part of the currency reserves, increased by $ 3.36 billion to $ 569.01 billion in the week ended May 17. Foreign currency assets mentioned in dollar terms include the effect of fluctuations in non-US currencies like Euro, Pound and Yen kept in the foreign exchange reserves.
Gold reserves also jumped
The Reserve Bank said that the value of gold reserves increased by $ 1.24 billion to $ 57.19 billion during the week under review. Special Drawing Rights (SDR) increased by $ 113 million to $ 18.17 billion. According to the Reserve Bank, India’s reserve deposit with the International Monetary Fund (IMF) decreased by $ 168 million to $ 4.33 billion during the week under review.
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