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India's foreign exchange reserves: India has created history in foreign exchange reserves. In the entire week of September 27, the country's foreign exchange reserves increased by $ 12.59 billion and reached an all-time high of $ 704.88 billion. Due to this, the country's foreign exchange reserves increased by $ 2.84 billion to $ 692.29 billion last week. The current figure of $12.59 billion is one of the highest weekly gains ever. In this way, for the first time the foreign exchange has crossed the figure of 700 billion dollars.
Foreign exchange assets $616.15 billion
According to data released by the Reserve Bank of India on Friday, foreign exchange assets, an important part of the foreign exchange reserves, increased by $ 10.47 billion to $ 616.15 billion in the week ending September 27. With this, India has become the fourth country after China, Japan and Switzerland, which has more than 700 billion dollars of foreign exchange.
Foreign exchange assets and gold reserves increased
According to the data released by the Reserve Bank, along with foreign exchange, India's foreign exchange assets have also increased significantly. India's FCA reserves have increased to $616.154 billion. Not only this, the country's gold reserve has also increased last week. According to the data of September 27, 2024, India's gold reserves have increased by $ 2.184 billion to $ 65.796 billion.
The price of gold has increased by $2.18 billion to $65.79 billion. Special drawing rights (SDRs) rose by $8 million to $18.55 billion. According to Reserve Bank data, India's reserves in the International Monetary Fund (IMF) decreased by $ 71 million to $ 4.39 billion.