look news india
New Delhi, March 15 (HS). There is good news on the economic front. The country's foreign exchange reserves have increased for the third consecutive week. Foreign exchange reserves have increased by $ 10.47 billion to reach $ 636.095 billion in the week ending March 8. Due to this, the country's total foreign exchange reserves increased by $ 6.55 billion to $ 625.626 billion last week.
The Reserve Bank of India (RBI) said in the data released on Friday that in the week ending March 8, foreign exchange reserves jumped by $ 10.47 billion to $ 636.095 billion. Last week, the country's total foreign exchange reserves stood at $625.626 billion, an increase of $6.55 billion.
During this period, Foreign Currency Assets (FCA), an important component of the currency reserves, increased by $ 8.121 billion to reach $ 562.352 billion. According to the Reserve Bank, the reserve value of gold reserves increased by $ 2.299 billion to $ 50.716 billion during this period. Special Drawing Rights (SDR) increased by $ 31 million to $ 18.211 billion. With this, India's reserve deposits with the International Monetary Fund (IMF) have also increased by $19 million to $4.817 billion.
It is noteworthy that in October 2021, India's total foreign exchange reserves had reached an all-time high of $ 645 billion.
