Forex reserves reach $619 billion, an increase of $2.975 billion

For the week ending February 23, India’s foreign exchange reserves increased by USD 2.975 billion to USD 619.072 billion. The total reserves had decreased to USD 616.097 billion from USD 1.132 billion during the previous reporting week. The foreign currency assets rose by USD 2.405 billion to USD 548.188 billion during the week ending February 23.

According to the RBI, gold reserves rose by USD 472 million to USD 47.848 088 billion during the week. , the Special Drawing Rights (SDRs) increased by USD 89 million to USD 18.197 billion.

According to data from the top bank, India’s reserve position with the IMF increased by USD 9 million to USD 4.839 billion during the reporting week. In October 2021, India’s foreign exchange reserves reached a record high of USD 645 billion.

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