India’s foreign exchange reserves have registered a spectacular increase. According to the latest data on foreign exchange reserves released by the Reserve Bank of India on Friday, India’s foreign exchange reserves rose by $7.53 billion to a new record high of $674.91 billion in the week ending August 2. Whereas just a week before this, in the week ending July 26, India’s total foreign exchange reserves fell by $3.47 billion, after which it fell to $667.38 billion.
Foreign exchange reserves have reached an all-time high level of $670.85 billion
According to RBI data, the country’s foreign exchange reserves reached an all-time high of $670.85 billion in the week ended July 18. According to Reserve Bank of India data, foreign currency assets, which are considered an important part of foreign exchange reserves, also increased by $5.16 billion to $592.03 billion in the week ended August 2. Foreign currency assets mentioned in dollar terms include the impact of fluctuations in non-US currencies such as euro, pound and yen held in the foreign exchange reserves.
India’s gold reserve rises to $60.09 billion
The Reserve Bank of India said on Friday that the value of India’s gold reserve has also increased during the week under review and India’s gold reserve has increased by more than $ 2.40 billion to $ 60.09 billion in the week ended August 2. The Reserve Bank said that the Special Drawing Rights (SDR) have decreased by $ 41 million to $ 18.16 billion. Apart from this, India’s reserve deposit with the International Monetary Fund (IMF) increased by $ 8 million to $ 4.62 billion in the week ended August 2.
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