Friday, February 23rd, 2024

Foreign exchange reserves made a huge jump, know the latest foreign exchange reserves with India

Photo:FILE India’s reserve position with the IMF increased by US$42 million to US$4.833 billion.

India’s foreign exchange reserves have increased by US$ 5.08 billion to US$ 595.40 billion. In the week ending November 17, the country’s foreign exchange reserves increased by US $ 5.077 billion to reach $ 595.397 billion. The Reserve Bank of India has given this information on Friday. Let us tell you, in the last week it had decreased by US$ 462 million to US$ 590.321 billion. It is worth noting that in October 2021, the country’s foreign exchange reserves had reached an all-time high of $ 645 billion. According to the weekly data of the Reserve Bank, foreign currency assets, a key part of the foreign exchange reserves, increased by $ 4.39 billion to $ 526.39 billion in the week ended November 17.

Their contribution in foreign exchange is

According to the news, amid pressure due to global growth since last year, the central bank deployed capital reserves to protect the rupee, which affected the reserves. Expressed in dollar terms, foreign exchange assets include the effect of appreciation or depreciation of non-US units such as the euro, pound and yen held in foreign exchange reserves. The position of foreign exchange reserves is an indicator of the economy of any country and its economic potential.

how much gold reserves

The latest data of the Reserve Bank of India states that in the week ending November 17, gold reserves in the country increased by US $ 527 million to reach $ 46.042 billion. It said special drawing rights increased by US$120 million to US$18.131 billion. India’s reserve position with the International Monetary Fund IMF increased by US$ 42 million to US$ 4.833 billion in the week under review, RBI data showed.

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