look news india
The country's foreign exchange reserves have been increasing continuously for the last three weeks. Let us tell you that in the week ending on May 17, the country's foreign exchange reserves increased by $ 4.55 billion to a new all-time high of $ 648.7 billion. The Reserve Bank of India gave this information on Friday. Foreign exchange reserves increased for the third consecutive week. Last week it increased by $ 2.56 billion to $ 644.15 billion. In the week ending on April 5, it touched an all-time high of $ 648.56 billion.
Information obtained from Reserve Bank data
According to RBI data, foreign currency assets, a major part of the currency reserves, rose by $3.36 billion to $569.01 billion in the week ended May 17. Foreign currency assets in relation to the dollar include the impact of fluctuations in non-US currencies such as euro, pound and yen held in the foreign exchange reserves.
Also increase the gold reserves
The Reserve Bank said that the value of gold reserves increased by $ 1.24 billion to $ 57.19 billion during the week under review. Special Drawing Rights (SDR) increased by $ 113 million to $ 18.17 billion. According to the Reserve Bank, India's reserve deposit in the International Monetary Fund decreased by $ 168 million to $ 4.33 billion during the week under review.
