Mumbai: The country’s foreign exchange reserves rose by $12.8 billion to $572 billion in a week. This is the third-highest weekly increase ever.
The highest increase in reserves had been during the week during the week ended August 27, 2021, when reserves rose by $16.7 billion to $633 billion. The second-highest increase was in November 11, 2022 when the forex pile rose by $14.7 billion to $544 billion. The increase was largely because of the foreign currency assets, which rose by $10.5 billion to $505.3 billion.
Expressed in dollar terms, foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen in the forex reserves.
The highest increase in reserves had been during the week during the week ended August 27, 2021, when reserves rose by $16.7 billion to $633 billion. The second-highest increase was in November 11, 2022 when the forex pile rose by $14.7 billion to $544 billion. The increase was largely because of the foreign currency assets, which rose by $10.5 billion to $505.3 billion.
Expressed in dollar terms, foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen in the forex reserves.
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