By Admin 
India Forex Reserves: Relief news is emerging for India on the front of foreign exchange reserves. Talking about the figures, in the week ending January 30, the country’s forex reserves have increased by $ 14.36 billion to reach an all-time high of $ 723.77 billion.
In the previous week also, an increase of 8.05 billion dollars was seen in the country’s foreign reserves. After which it reached 709.41 billion dollars. This information has been given by the Reserve Bank of India (RBI). Whereas, earlier in September 2024, the foreign exchange reserves had reached the level of $ 704.89 billion.
Strong increase in gold reserves
According to the latest data, a good increase has been recorded in the country’s gold reserve. According to RBI, gold reserves have increased by $ 14.59 billion to reach $ 137.68 billion. Apart from this, an increase has also been seen in Special Drawing Rights i.e. SDR. It has increased by $216 million to reach the figure of $18.95 billion.
According to the data released by the Reserve Bank of India, in the week ending January 30, foreign currency assets, considered an important part of the foreign exchange reserves, declined by $ 493 million to $ 562.39 billion. Apart from the dollar, these assets also include the effect of fluctuations in the value of other foreign currencies like Euro, Pound and Yen.
Rupee closed weak
The impact of the international situation on Friday was also seen on the Indian rupee. The rupee remained under pressure against the dollar due to uncertainty over talks between America and Iran and rising crude oil prices. At the end of trading it fell by 31 paise and closed at Rs 90.65 per dollar.
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