MUMBAI: The country’s foreign exchange reserves rose by $2.
865 billion to a record high of 592.
894 billion for the week ended May 21, fostered by gold and money resources, RBI data revealed on Friday.
The prior so large for the currency kitty was 590.
185 billion for the week ended January 29, 2021.
For the last week ended May 14, the bookings had risen by about $563 million to get 590.
028 billion.
Foreign exchange assets (FCA), a significant part of the total reservations, swelled by about $ 1.
649 billion to $548.
519 billion to its reporting week, the RBI said.
Expressed in dollar terms, the foreign currency resources include the effect of appreciation or depreciation of foreign exchange components such as the euro, pound and yen held at the currency reserves.
After staying unchanged in the last week, the gold reserves rose by $1.
187 billion to $36.
841 billion, the apex bank said.
The special drawing rights (SDRs) together with the International Monetary Fund (IMF) rose by about $ 7 million to $1.
513 billion.
) The nation’s reserve position with the IMF overly increased by about $22 million to $5.
021 billion from the reporting , according to the data.
Forex reserves Reach Life high of 592.894 billion
