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.
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