MUMBAI : India's foreign exchange reserves elevated for the second consecutive week, touching $ 584.554 bill
MUMBAI :
India’s foreign exchange reserves elevated for the second consecutive week, touching $ 584.554 billion as of February 26, up by $689 million, the Reserve Financial institution stated on Friday.
The general reserves had elevated by $169 million to $583.865 billion within the earlier reporting week. The reserves, which have been steadily rising over the previous couple of months, had touched an all-time excessive at $590.185 billion for the week ended January 29 this yr.
For the week ended February 26, the core forex belongings – the most important part of the general reserves – rose by $509 million to $542.615 billion, the RBI stated.
Expressed in greenback phrases, the international forex belongings embrace the impact of appreciation or depreciation of non-US models just like the euro, pound and yen held within the international trade reserves.
Gold reserves elevated by $172 million to $35.421 billion in the course of the reporting week, the apex financial institution information confirmed.
The particular drawing rights (SDRs) with the Worldwide Financial Fund (IMF) rose by $9 million to $1.517 billion within the reporting week, it stated.
The nation’s reserve place with the IMF declined marginally to $5.001 billion within the reporting week, the info confirmed.