Insta
India’s Foreign Exchange Reserves Rise By $1.81 Billion To $476.47 Billion
RBI office in Mumbai. (Aniruddha Chowdhury/Mint via Getty Images)
India's foreign exchange reserves rose by $1.81 billion during the week ended 10 April, RBI data said.
According to the RBI's weekly statistical supplement, the overall forex reserves increased to $476.47 billion from $474.66 billion reported for the week ended 3 April.
India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.22 billion to $440.33 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 $586 million to $31.13 billion.
Though the SDR value declined by $4 million to $1.42 billion, the country''s reserve position with the IMF went up by $11 million to $3.57 billion.
(With inputs from IANS)
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
