look news india
New Delhi, 08 March (Hindustan Reporter). There is good news on the economic front. The country's foreign exchange reserves have increased for the second consecutive week. Foreign exchange reserves have increased by $ 6.55 billion to reach $ 625.63 billion in the week ending March 1. Last week, the country's total foreign exchange reserves had increased by $ 2.97 billion to $ 619.07 billion.
The Reserve Bank of India (RBI) has said in the data released on Friday that in the week ending March 1, foreign exchange reserves increased by $ 6.55 billion to $ 625.63 billion. Last week, the country's total foreign exchange reserves had increased by $ 2.97 billion to $ 619.07 billion. According to the data, foreign currency assets, an important component of foreign exchange reserves, have increased by $ 6.04 billion to $ 554.23 billion.
According to RBI, during this period the reserve value of gold reserves has increased by $ 569 million to $ 48.42 billion. However, Special Drawing Rights (SDR) declined by $17 million to $18.18 billion during this period. Along with this, India's reserve deposits with the International Monetary Fund have also declined by $41 million to $4.79 billion.
It is noteworthy that in October 2021, the country's foreign exchange reserves had increased to an all-time high of $ 645 billion.