- September 13, 2024
India’s Forex Reserves Hit New All-Time High of $689.24 Billion, Jump $5.25 Billion – News18
For the week ended August 16, foreign currency assets, a major component of the reserves, increased by $5.107 billion to $604.144 billion.
India’s gold reserves rose $129 million to $61.988 billion during the week ended September 6.
India’s foreign exchange (forex) reserves jumped $5.248 billion to a new all-time high of $689.235 billion for the week ended September 6, according to the latest RBI data released on September 13. The reserves had increased by $2.299 billion to a record $683.987 billion for the previous reporting week.
India’s gold reserves rose $129 million to $61.988 billion during the week ended September 6, showed the RBI data.
During the week, foreign currency assets, a major component of the reserves, increased by $5.107 billion to $604.144 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.
The special drawing rights (SDRs) increased by $4 million to $18.472 billion, according to the RBI data.
India’s reserve position with the IMF was up by $9 million to $4.631 billion in the reporting week, the apex bank data showed.
