By Admin 
India Foreign Exchange Reserve: The Reserve Bank of India said on Friday that India’s foreign exchange reserves rose $ 1.567 billion to $ 677.835 billion in the week ended April 11. This is a consecutive sixth week when the country’s foreign exchange has increased. Earlier in the last reporting week ended on April 4, the total foreign exchange reserves saw an increase of $ 10.872 billion, reaching $ 676.268 billion.
Increase in foreign currency assets too
According to the data released on Friday, Forex assets, which are an important part of the reserves, increased by $ 892 million to $ 574.98 billion. In September 2024, the highest level of foreign exchange reserves was recorded at $ 704.885 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 of the country also increased
RBI said that during this time the country’s gold reserve has also increased, which has increased by $ 638 million to $ 79.997 billion. However, the Special Drawing Rights (SDR) has come down by $ 6 million to $ 18.356 billion. RBI data states that India’s reserved position with the IMF increased by $ 43 million to $ 4.502 billion in the week under review.
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