India’s foreign exchange reserves rise by $12.74 billion to $609.02 billion – Times of India

Mumbai: of India foreign currency Reserves rose by $12.743 billion to $609.022 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times. reserve Bank of India said on Friday.
In the last reporting week, the total reserves had increased by $1.23 billion to $596.28 billion.
It may be noted that in October 2021, the country’s forex kitty touched an all-time high of $645 billion. Reserves are falling as the central bank raises funds to protect the rupee amid pressure from global growth. In the week ending January 13 this year, the total assets had increased by $ 10.417 billion.
For the week ended July 14, foreign currency assets, a major component of reserves, rose by $11.198 billion to $540.166 billion, according to the Weekly Statistical Supplement released by the . reserve Bank of India on Friday.
Expressed in dollar terms, foreign currency assets include the effect of appreciation or depreciation of non-US units such as the euro, pound and yen held in foreign exchange reserves.
RBI said that gold reserves increased by $ 1.137 billion to $ 45.197 billion.
The apex bank said special drawing rights (SDRs) rose by $250 million to $18.484 billion.
reserve status of the country with International Monetary Fund It rose by $158 million to $5.175 billion in the week under review, data from the apex bank showed.