March 1, 2024

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India’s foreign exchange reserves swell by $2.56 bn

(MENAFN – IANS) p>Mumbai, Dec 25 (IANS) India’s international trade reserves rose by $2.563 billion during the week finished December 18.

According to the Reserve Financial institution of India’s weekly statistical supplement, the reserves increased to $581.131 billion from $578.568 billion documented for the week finished December 11.

India’s foreign exchange reserves comprise of overseas forex assets (FCAs), gold reserves, specific drawing rights (SDRs), and the country’s reserve posture with the International Monetary Fund (IMF).

On a weekly foundation, FCAs, the largest part of the currency trading reserves, edged larger by $1.382 billion to $537.727 billion.

In the same way, the value of the country’s gold reserves greater by $1.008 billion to $37.020 billion.

Aside from, the SDR benefit stood increased by $12 million at $1.515 billion.

In addition, the country’s reserve situation with the IMF elevated by $160 million to $4.870 billion.

–IANS

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