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India’s reserve position with the IMF was up $4 million to $4.578 billion in the reporting week, the apex bank data showed.
India’s forex reserves jumped $5.158 billion to $657.155 billion during the week ended July 5, the Reserve Bank of India (RBI) said on Friday.
The forex kitty had declined for the previous two consecutive weeks, dropping $1.713 billion to $651.997 billion for the week ended June 28.
The reserves had touched an all-time high of $655.817 billion as on June 7 this year.
For the week ended July 5, foreign currency assets, a major component of the reserves, increased $4.228 billion to $577.11 billion, as per the the data released on Friday.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves increased $904 million to $57.432 billion during the week, the RBI said.
The Special Drawing Rights were up $21 million to $18.036 billion, the apex bank said.
India’s reserve position with the IMF was up $4 million to $4.578 billion in the reporting week, the apex bank data showed.
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First Published: Jul 12 2024 | 5:25 PM IS