Categories: Business

Foreign exchange reserves rose $ 5 billion to a lifetime of $ 609 billion

Mumbai: Foreign exchange reserves in the country jumped $ 5.066 billion to touch a record high of $ 608.999 billion in the week ended June 25, 2021, RBI data showed.
In the previous week ended June 18, reserves have decreased by $ 4.418 billion to $ 603.933 billion.
During the week being reviewed, the increase in foreign exchange reserves was due to an increase in foreign currency assets (FCA), the main component of the overall reserves, backup data (RBI) shown by Indian weekly data (RBI).
FCA rose $ 4.7 billion to $ 566.24 billion.
Stated in the term dollar, foreign currency assets include the effect of appreciation or depreciation of non-US units such as the euro, pounds and yen held in foreign exchange reserves.
Gold reserves rose $ 365 million to $ 36.296 billion in periods reviewed, data showed.
Special image rights (SDR) with the International Monetary Fund (IMF) remained unchanged at $ 1.498 billion.
The position of the country’s reserves with the IMF increased slightly by $ 1 million to $ 4.965 billion in a week, data showed.

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