Insta
India's Foreign Exchange Reserves Rise By $4.344 Billion To $581.213 Billion
The Reserve Bank of India office in Mumbai. (GettyImages)
India's foreign exchange reserves rose by $4.344 billion during the week ended 9 April.
According to the Reserve Bank of India's (RBI) weekly statistical supplement, the foreign exchange reserves increased to $581.213 billion from $576.869 billion reported for the week ended 2 April.
India's forex reserves comprise 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 $3.017 billion to $539.455 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 gained by $1.297 billion to $35.320 billion.
The SDR value inched up by $6 million at $1.492 billion.
On the same note, the country's reserve position with the IMF inched higher by $24 million to $4.946 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
