Categories: Business

Forex reserves jumped to the highest of $ 620.57 billion

Mumbai: Foreign exchange reserves in the country jumped $ 9.427 billion to record the highest $ 620.576 billion in the week ended July 30, according to the latest RBI data.
The previous week ended July 23, reserves have decreased by $ 1.581 billion to $ 611,149 billion.
In the reporting week ended July 30, the increase in reserves was behind the increase in foreign currency assets (FCAS), the main component of the overall reserve, data on the Bank of India (RBI) (RBI) (RBI) data released on Friday showed.
FCA increased by $ 8.596 billion to $ 576.224 billion in week reporting.
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 $ 760 million to $ 37.644 billion in week reporting, data showed.
Special image rights (SDR) with the International Monetary Fund (IMF) rose $ 6 million at $ 1.552 billion.
The position of the state reserves with the IMF also increased $ 65 million to $ 5.156 billion in week reporting, data showed.

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