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India’s reserve position with the IMF were unchanged at $4.610 billion in the reporting week, the apex bank data showed.
Surpassing the all-time high level achieved the previous week, India’s forex reserves jumped by another $4 billion to $670.857 billion for the seven days ended July 19, the Reserve Bank said on Friday.
The overall reserves had jumped by $9.699 billion to an all-time high of $666.854 billion in the week ended July 12.
For the week ended July 19, foreign currency assets, a major component of the reserves, increased by $2.578 billion to $588.048 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 $1.329 billion to $59.992 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $95 million to $18.207 billion, the apex bank said.
India’s reserve position with the IMF were unchanged at $4.610 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 26 2024 | 5:54 PM IS
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