By Admin 
India Forex Reserve: There has been a lot of jump in the country’s foreign exchange reserves. The Reserve Bank of India (RBI) According to India’s data, India’s foreign exchange reserves have increased by $ 305 million to $ 654.271 billion. A week before this, the country’s foreign exchange reserves rose $ 15.267 billion to $ 653.966 billion. This was the fastest bounce in any week in the last two years. The credit for this lead in foreign exchange reserves is being given to the $ 10 billion foreign exchange exchange made by the Reserve Bank on February 28.
Due to this, the Forex Reserve of the country was reduced
The Reserve Bank of India had bought the dollar against the rupee to increase liquidity in the system. In order to reduce the fluctuations in the rupee, there is a recent decline in foreign exchange reserves due to the intervention of the Reserve Bank in the foreign exchange market. In September 2024, the foreign exchange reserves rose to $ 704.885 billion at all time high.
Decrease in foreign exchange assets
According to the data released on Friday, a major component of foreign exchange reserves declined by $ 96 million to $ 557.186 billion in a week ended on March 14. Foreign exchange assets mentioned in terms of dollars include the effects of the decrease of non-American currencies such as the euros, pounds and yen placed in foreign exchange reserves.
Gold reserve of the country increased
On the other hand, if we talk about the gold reserves, then the gold reserves have increased by $ 66 million to $ 74.391 billion during this period. The Reserve Bank said that special drawing rights (SDR) has increased by $ 5.1 million to $ 18.262 billion. In this week, India’s reserved reserves with the International Monetary Fund (IMF) increased by $ 28.3 million to $ 4.431 billion.
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