 "foreign currency dollar")
The Special Drawing Rights (SDRs) were up by $76 million to $18.111 billion, the apex bank said. Representative Picture
India’s forex reserves jumped by $9.699 billion to an all-time high of $666.854 billion for the week ended July 12, the RBI said on Friday.
In the previous reporting week, the kitty had increased by $5.158 billion to $657.155 billion, surpassing the previous high of $655.817 billion for the week ended June 7.
For the week ended July 12, foreign currency assets, a major component of the reserves, increased by $8.361 billion to $585.47 billion, the data released on Friday showed.
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 by $1.231 billion to $58.663 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $76 million to $18.111 billion, the apex bank said.
India’s reserve position with the IMF was up by $32 million to $4.609 billion in the reporting week, the apex bank data showed.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Jul 19 2024 | 6:35 P.M IS