India's Forex Reserves Jump $1.56 Billion To $677.83 Billion
This is the sixth consecutive week of a rise in the kitty.
India's forex reserves increased by $1.57 billion to $677.84 billion for the week ended April 11, the Reserve Bank said on Friday.
This is the sixth consecutive week of a rise in the kitty. The overall reserves jumped by $10.87 billion to $676.27 billion in the previous reporting week ended April 4.
The forex reserves touched an all-time high of $704.89 billion in Sept. 2024.
For the week ended April 11, foreign currency assets, a major component of the reserves, rose by $892 million to $574.98 billion, the data released on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves surged by $638 million to $79.997 billion during the week, the RBI said.
The Special Drawing Rights were down $6 million at $18.36 billion, the apex bank said.
India's reserve position with the IMF was up $43 million at $4.50 billion in the reporting week, the apex bank data showed.
