India's foreign exchange reserves made a huge jump, now the treasury has increased by so many billion dollars
Foreign Exchange: India's foreign exchange reserves increased for the fourth consecutive week to US $ 642.49 billion. These figures have been released by the Reserve Bank of India.
The Reserve Bank of India (RBI) has made available the most recent information regarding foreign exchange reserves. These numbers show that India's foreign exchange reserves have increased for the fourth week in a row. In the week ending March 15, India's foreign exchange reserves rose to US $642,49 billion. This is the greatest level ever reached. Throughout the week, India's foreign exchange reserves rose by US$6.396 billion. The Reserve Bank of India provided this information on Friday.
The Reserve Bank of India said that a week ago, India's foreign exchange reserves had increased by $ 10.47 billion to $ 636.095 billion. Overall, India's foreign exchange reserves have increased by about $16.86 billion in the last two weeks. According to Reserve Bank data, foreign currency assets have also increased by $ 6.034 billion to reach $ 568.386 billion in the week ending March 15. Foreign currency assets are considered an important part of foreign exchange reserves.
Additionally, the Reserve Bank of India reported that the country's gold reserves rose by $425 million to $51.14 billion in the week that ended March 15. According to the Reserve Bank, there was also a rise in SDR during this time, rising by $65 million to $18.1276 billion. However, India now has $ 4.689 billion in foreign exchange reserves with the International Monetary Fund (IMF), an increase of $129 million.
