India’s foreign exchange reserves increased in the first week of February
Mumbai (Maharashtra):
India’s foreign exchange (forex) reserves increased by $2.198 billion to $631,953 billion in the week ending February 4, as foreign currency assets surged, according to data released by the Reserve Bank of India (RBI). dad.
According to the RBI Weekly Statistics Supplement, foreign currency assets increased by $2.251 billion to $568.329 billion in the week under review.
Expressed in US dollars, foreign currency assets include the impact on the price or depreciation of non-dollar currencies such as Euros, British Pounds, Japanese Yen held in foreign exchange reserves.
Foreign currency assets are the largest component of a country’s foreign exchange reserves. Other components of foreign exchange reserves include gold, SDR, and reserve position in the International Monetary Fund (IMF).
India’s Special Drawing Rights (SDRs) with the IMF increased by $98 million to $19,108 billion.
The country’s reserves with the IMF increased by $59 million to $5,233 billion in the week ending February 4, 2022.
However, the value of India’s gold reserves fell by $210 million to $39.283 billion in the week under review.
