Home Forex Exchange India's Foreign Exchange Reserves Rise By $1.27 Billion To $506.83 Billion – Swarajya

India's Foreign Exchange Reserves Rise By $1.27 Billion To $506.83 Billion – Swarajya

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India’s foreign exchange reserves increased by $1.272 billion during the week ended 26 June to $506.838 billion from $505.566 billion reported for the week ended 19 June, the RBI’s weekly statistical supplement said.

India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and India’s reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged up by $565 million to $467.603 billion.

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.

Similarly, the value of the country’s gold reserves increased by $7.07 million to $33.523 billion.

However, the SDR value slipped by $3 million to $1.444 billion.

Nevertheless, the country’s reserve position with the IMF inched up by $3 million to $4.267 billion.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)

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