MUMBAI: The country’s foreign exchange reserves jumped by $3.074 billion to achieve a record high of 608.081 billion in the week ended June 11, the most recent statistics in the Reserve Bank of India (RBI) revealed on Friday.
The reserves had increased by $6.842 billion to $605.008 billion from the preceding week ended June 4, 2021.
At the reporting week ended June 11, that the increase in reserves was due to the increase in foreign currency assets (FCA), a significant part of the total bookings, ” the RBI’s weekly statistics revealed.
FCA climbed by about $ 2.567 billion to $563.457 billion, according to the data.
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 falling in the last week, the gold reserves rose by about $496 million to $38.101 billion from the reporting week, according to the data.
The special drawing rights (SDRs) together with the International Monetary Fund (IMF) fell by about $ 1 million into $1.512 billion.
) The nation’s reserve position with the IMF rose by about $11 million to $5.011 billion from the reporting , the statistics revealed.
Forex reserves Increase to Life high of $608.08 billion
