Foreign exchange reserves increase by $ 1 billion to a record $ 610 billion

The country’s foreign exchange reserves rose $ 1.013 billion to a lifetime high of $ 610.012 billion in the week ended July 2, according to RBI data on Friday.

During the previous week ended June 25, 2021, reserves had jumped $ 5.066 billion to $ 608.999 billion.

During the week of the report, the rise in the forex prize pool was mainly due to an increase in foreign exchange assets (FCA), a major component of global reserves.

The FCA jumped from $ 748 million to $ 566.988 billion, according to weekly data from the Reserve Bank of India (RBI).

Expressed in dollars, foreign currency assets include the effect of the appreciation or depreciation of non-US units such as the euro, the pound and the yen held in foreign exchange reserves.

Gold reserves climbed $ 76 million to $ 36.372 billion in the week under review.

Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) increased by $ 49 million to $ 1.548 billion.

The country’s reserve position with the IMF also increased by $ 139 million to $ 5.105 billion during the week of the report, the data showed.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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