Foreign Exchange Reserves : The country's foreign exchange reserves rose by $2.84 billion to a new all-time high of $692.30 billion in the week ended September 20. In the previous week, the country's foreign exchange reserves had risen by $223 million to a new high of $689.46 billion.
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 $ 2.06 billion to $ 605.69 billion in the week ended September 20.
Foreign currency assets, expressed in dollar terms, include the effect of fluctuations in non-US currencies such as euro, pound, and yen held in the foreign exchange reserves. The value of gold reserves rose by $ 726 million to $ 63.61 billion during the week under review. Special Drawing Rights (SDR) rose by $ 121 million to $ 18.54 billion.
According to Reserve Bank data, India's reserve stock with the International Monetary Fund (IMF) declined by $66 million to $4.46 billion in the week under review.
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