India’s foreign currency reserves at all-time highs

ArticleIndia’s foreign currency reserves at all-time highs

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Mumbai: The country’s foreign exchange reserves rose by $ 1.701 billion in the week ended February 7, reaching an all-time record high of $ 473 billion. This information has been given in the latest data of the Reserve Bank.

In the previous week, the country’s foreign exchange reserves had increased by $ 4.607 billion to $ 471.3 billion. Foreign currency assets have increased as foreign currency assets have increased in the week under review. During this period foreign exchange assets increased by $ 1.938 billion to $ 439.186 billion. During this period, gold reserves declined by $ 218 million to $ 28.779 billion.

The special drawing rights in the International Monetary Fund declined by $ 2 million to $ 1.436 billion during the week under review, while the country’s reserve fund in the IMF also declined by $ 16 million to $ 3.599 billion.

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