Last update:
Gold reserves during the week increased by $ 1.315 billion; Special drawing rights (SDRS) falls from $ 11 million to $ 17.878 billion.
For the week ended on 7 February, Forex property, a major component of reserves, increased by $ 6.422 billion, which increased to $ 544.106 billion.
According to the latest RBI data released on Friday, India’s foreign exchange reserves increased to $ 7.654 billion in the week ended February 7. This is the third consecutive week of jump in kitty, which rose $ 1.05 billion to $ 630.607 billion for the week ended January 31.
Gold reserves increased by $ 1.315 billion during the week. According to the data, special drawing rights (SDR) were below $ 11 million to $ 17.878 billion.
The recent reserves were on a decreasing trend due to recent re -evaluation of foreign exchange market intervention by RBI to help reduce the instability in the rupee. Foreign exchange reserves increased to all time of $ 704.885 billion at the end of September 2024.
For the week ending February 7, Forex property, a major component of reserves, rose to $ 6.422 billion to $ 544.106 billion, revealed by data released on Friday.
Expressed in the terms of the dollar, foreign exchange assets include the impact of praise or depreciation of non-American units such as euros, pounds and yens held in foreign exchange reserves.
The RBI data shows India’s reserved position with IMF to $ 4.069 billion in $ 4.069 billion a week.
