Foreign Exchange Reserves: India’s foreign exchange reserves reached a new record level, increased to so many billion dollars

Foreign Exchange Reserves: The country’s foreign exchange reserves rose by $ 2.299 billion to a new record level of $ 683.987 billion in the week ended August 30. The Reserve Bank of India (RBI) gave this information in the data released on Friday. In the previous week, the foreign exchange reserves had increased by $ 7.023 billion to $ 681.688 billion.

According to data released by the Reserve Bank on Friday, foreign currency assets, considered an important part of the currency reserves, increased by $ 1.485 billion to $ 599.037 billion in the week ended August 30.

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 $862 million to $61.859 billion during the week under review.

Special Drawing Rights (SDR) increased by $9 million to $18.468 billion. India’s reserve with the International Monetary Fund (IMF) increased by $58 million to $4.622 billion during the week under review.