July 5, 2022

The rustic’s foreign currency echange reserves higher through $394 million to $631.92 billion within the week ended March 4, the RBI knowledge confirmed.

Within the earlier week ended February 25, the reserves had declined through $1.425 billion to $631.527 billion. It touched a life-time prime of $642.453 billion within the week ended September 3, 2021.

Throughout the reporting week, the acquire within the reserves used to be because of a upward push within the foreign exchange property (FCA), a significant part of the total reserves, the Reserve Financial institution of India’s (RBI) weekly knowledge launched on Friday confirmed.

FCA higher through $634 million to $565.466 billion within the week ended March 4.

Expressed in greenback phrases, the foreign exchange property come with the impact of appreciation or depreciation of non-US gadgets just like the euro, pound and yen held within the foreign currency echange reserves.

Gold reserves declined through $147 million to $42.32 billion within the reporting week, in line with the information.

The particular drawing rights (SDRs) with the World Financial Fund (IMF) dipped through $59 million to $18.981 billion, the RBI stated.

The rustic’s reserve place with the IMF reduced through $34 million to $5.153 billion within the reporting week, the information confirmed.

(With inputs from PTI)

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Printed on: Friday, March 11, 2022, 06:54 PM IST

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