India’s forex reserves rise $5.25 billion to new peak of $689.24 billion
Source: Business Standard
India’s forex reserves jumped $5.248 billion to a new all-time high of $689.235 billion for the week ended September 6, the Reserve Bank of India said on Friday.
The overall kitty had jumped by $2.299 billion to a record $683.987 billion for the previous reporting week.
For the week ended September 6, foreign currency assets, a major component of the reserves, increased by $5.107 billion to $604.144 billion, the data showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves increased by $129 million to $61.988 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $4 million to $18.472 billion, the apex bank said.
India’s reserve position with the IMF was up by $9 million to $4.631 billion in the reporting week, the apex bank data showed.
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First Published: Sep 13 2024 | 5:33 PM IST
