India’s foreign exchange reserves rise to USD 698.95 billion as of June 13
For the week ended June 13, international foreign money property, a significant part of the reserves, rose by USD 1.739 billion to USD 589.426 billion, the information launched on Friday confirmed.
India’s foreign exchange reserves rose USD 2.294 billion to USD 698.95 billion for the week ended June 13, the RBI mentioned on Friday. The general reserves had elevated by USD 5.17 billion to USD 696.65 billion for the earlier reporting week ended June 6.
Foreign exchange reserves had touched an all-time excessive of USD 704.885 billion in end-September 2024.
For the week ended June 13, international foreign money property, a significant part of the reserves, rose by USD 1.739 billion to USD 589.426 billion, the information launched on Friday confirmed.
Expressed in greenback phrases, the international foreign money property embrace the impact of appreciation or depreciation of non-US items just like the euro, pound and yen held within the international trade reserves.
The gold reserves have been up by USD 428 million to USD 86.316 billion in the course of the week, the RBI mentioned.
The Particular Drawing Rights (SDRs) additionally rose by USD 85 million to USD 18.756 billion, the central financial institution mentioned.
India’s reserve place with the IMF additionally inched up by USD 43 million at USD 4.452 billion within the reporting week, the apex financial institution knowledge confirmed.
