Foreign Exchange Reserves : The country's foreign exchange reserves rose by $12.59 billion to an all-time high of $704.88 billion in the week ended September 27. The country's foreign exchange reserves had risen by $2.84 billion to $692.29 billion in the previous week. The current $12.59 billion is one of the highest weekly increases so far. This is the first time the reserves have crossed the $700 billion mark.
According to data released by the Reserve Bank of India (RBI) on Friday, foreign currency assets, considered an important part of the currency reserves, increased by $ 10.47 billion to $ 616.15 billion in the week ended September 27.
Foreign currency assets, expressed in dollar terms, include the effect of fluctuations in non-US currencies such as the euro, pound, and yen held in the foreign exchange reserves. The value of gold reserves rose by $ 2.18 billion to $ 65.79 billion during the week under review.
Special Drawing Rights (SDR) increased by $ 8 million to $ 18.55 billion. According to the Reserve Bank data, India's reserve with the International Monetary Fund (IMF) fell by $ 71 million to $ 4.39 billion during the week under review.
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