New Delhi, 3 October (IANS). According to data released by the Reserve Bank of India (RBI) on Friday, India’s gold reserves increased by $ 2.238 billion to $ 95.017 billion in the week ended September 26.
The total foreign exchange reserves in the reporting week stood at $ 700.236 billion, compared to $ 702.57 billion last week.
Foreign currency assets were priced at $ 581.757 billion, which is the largest part of the store.
The price of these properties declined this week. These assets include major global currencies such as euros, pounds and yen and their price in the dollar reflects changes in exchange rates.
Special Drawing Rights (SDR) were at $ 18.789 billion, while India’s reserve status with the International Monetary Fund (IMF) in the reporting week was $ 4.673 billion.
India’s foreign exchange reserves remain close to high levels of high levels, providing a strong protection from external shaking and assuring global investors.
Analysts say the comfortable reserve situation helps the RBI to control the currency market fluctuations and keep the rupee strong during global uncertainties.
Meanwhile, the gold reserves rose $ 360 million to $ 92.78 billion last week.
Last week, the largest part of the store was foreign currency assets, priced at $ 586.15 billion.
It also includes special drawing rights (SDR) and India’s reserve status with IMF, which was $ 18.88 billion and $ 4.76 billion respectively.
The SDR rose $ 105 million and the IMF reserve situation by $ 2 million in the week ended September 19.
The country’s central bank, including dollar sales to control the rupee fluctuations, interferes in the foreign exchange market from time to time through liquidity operations.
According to officials, the purpose of such intervention is to control the status of the market rather than targeting a particular exchange rate.
-IANS
SKT/
