By Admin 
India Forex Reserve: India’s foreign exchange reserves have rose $ 6.992 billion to $ 692.721 billion during the week ended on May 23. The Reserve Bank of India (RBI) gave this information on Friday. Earlier, the Forex Reserve of the country fell to $ 685.729 billion during the week ended May 16.
Increase in foreign currency assets
At the end of September 2024, the foreign exchange reserves reached the high level of $ 704.885 billion. The data released on Friday revealed that for the week ended on May 23, Forex assets, which is a major component of reserves, rose by $ 4.516 million to $ 586.167 billion. Foreign exchange assets expressed in terms of dollars include the influence of the decrease of non-American currencies such as the euros, pounds and yen placed in foreign exchange reserves.
Gold reserve also increased
RBI said that the gold reserve during the week has also increased by $ 2.366 billion to $ 83.582 billion. Special drawing rights (SDR) rose $ 81 million to $ 18.571 billion. According to the data of the Reserve Bank, this week the IMF has also recorded an improvement in India’s reserved situation, which increased by $ 30 million to $ 4.401 billion.
How much does Pakistan have a treasure?
At the same time, according to data released by State Bank of Pakistan (SBP) on Thursday, Pakistan’s foreign exchange reserves have increased by $ 70 million to $ 11.516 billion till 23 May. Whereas on 16 May it was $ 11.447 billion. Pakistan’s Liquid Foreign Exchange Reserve stood at $ 16.637 billion, which shows a slight decline of $ 12 million compared to the previous week. It also includes net holdings of commercial banks. During this period, the net reserve of commercial banks also fell by $ 82 million, which fell to $ 5.121 billion.
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