India's Foreign Exchange Reserves Rise By $4.344 Billion To $581.213 Billion

Swarajya Staff

Apr 17, 2021, 09:07 AM | Updated 09:07 AM IST

The Reserve Bank of India office in Mumbai. (GettyImages)
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)

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