Categories: Business

Forex reserves rose $ 1.88 billion to record a height of $ 611.89 billion

Mumbai: State foreign exchange reserves increased by $ 1.883 billion to touch a record high of $ 611.895 billion in the week ended July 9, RBI data showed on Friday.
The previous week ended July 2, the reserve has surged with $ 1.013 billion to $ 610.012 billion.
In the reporting week ended July 9, the increase in forex reserves was taken into account the increase in foreign currency assets (FCA), the main component of the overall reserve, the Bank of India (RBI) backup data showed.
FCA rose $ 1.297 billion to $ 568.285 billion on 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 $ 584 million to $ 36.956 billion on week reporting, according to data.
Special image rights (SDR) with the International Monetary Fund (IMF) remain unchanged at $ 1.547 billion.
The position of the state reserves with the IMF increased by $ 3 million to $ 5.107 billion on week report, data showed.

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