MUMBAI: India’s international alternate reserves stood at $581.21 billion within the week ended 9 April, an increase of $4.34 billion sequentially, in line with information from the Reserve Financial institution of India.
For the week ended 2 April, reserves had dipped $2.42 billion to $576.28 billion. Foreign exchange reserves had touched a document excessive of $590.18 billion within the week ended 29 January, 2021.
Within the week underneath overview, the rise in foreign exchange reserves was on account of an increase in international forex belongings (FCA), a serious part of the general reserves, which gained by$3.02 billion to $539.45 billion.
Expressed in greenback phrases, international forex belongings embrace the impact of appreciation or depreciation of non-US models like euro, pound and yen held within the foreign exchange reserves.
Gold reserves rose $1.30 billion to $35.32 billion within the reporting week, information confirmed.
The particular drawing rights (SDRs) with the Worldwide Financial Fund (IMF) rose $6 million to $1.49 billion within the reporting week. The nation’s reserve place with the IMF rose $24 million to $4.95 billion in the course of the interval, as per the information.