Mumbai, July 2: India’s foreign exchange reserves rose by $5.066 billion during the week ended June 25. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves increased to $608.999 billion from $603.933 billion reported for the week ended June 18.
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).┬аIndia’s Forex Surpasses Russia, Become 4th Largest in the World at $580.3 Billion.
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $4.700 billion to $566.240 billion. Similarly, the value of the country’s gold reserves rose by $365 million to $36.296 billion.
However, the SDR value remained stagnant at $1.499 billion. In addition, the country’s reserve position with the IMF inched up by $1 million to $4.965 billion.
(The above story first appeared on Today News 24 on Jul 02, 2021 11:56 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
