Currency property increase foreign exchange reserves to $631.9 bn
1 min read
For the week ended March 4, the foreign exchange reserves posted a achieve of $394 million to finish at $631.92 billion, information from the RBI confirmed.
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During the earlier week ended February 25, the international alternate — or foreign exchange — reserves had declined by $1.425 billion to $631.527 billion. In the reporting week, the achieve in reserves was fuelled by an increase within the international forex property (FCA).
FCA elevated by $634 million to $565.466 billion within the week ended March 4, the Reserve Bank of India’s (RBI) weekly information launched on Friday confirmed.
Gold reserves fell $147 million to $42.32 billion within the reporting week. The particular drawing rights (SDRs) with the International Monetary Fund (IMF) fell $59 million to $18.981 billion, the RBI stated. India’s reserve place with the IMF decreased by $34 million to $5.153 billion within the reporting week, the info confirmed.
