Insta
India's Foreign Exchange Reserves Rise By $2.229 Billion To $634.965 Billion
Swarajya Staff
Jan 22, 2022, 09:54 AM | Updated 09:54 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
India's foreign exchange reserves rose by $2.229 billion during the week ending on 14 January.
According to the Reserve Bank of India's (RBI) weekly statistical supplement, the forex reserves increased to $634.965 billion from $632.736 billion reported for the week ending on 7 January.
India's foreign exchange reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.345 billion to $570.737 billion.
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.
Similarly, the value of the country's gold reserves increased by $726 million to $39.77 billion.
Further, the SDR value increased by $123 million to $19.22 billion.
Meanwhile, the country's reserve position with the IMF increased by $36 million to $5.238 billion.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.