New Delhi, 21 April (Hindustan Times). There is news of relief on the economic front. There has been an increase in foreign exchange reserves for the second consecutive week. The country’s foreign exchange reserves jumped by $1.65 billion to reach $586.41 billion in the week ended April 14. The Reserve Bank of India (RBI) gave this information in the data released.
In the data released on Friday, RBI said that the foreign exchange reserves increased by $ 1.65 billion to $ 586.41 billion in the week ended April 14. Due to this, the country’s foreign exchange reserves had increased by $ 6.306 billion to $ 584.755 billion last week. During this period, foreign currency assets, which contribute significantly to the foreign exchange reserves, increased by $ 4.20 billion to $ 516.63 billion.
According to the Reserve Bank, there has been a decline in the value of gold reserves during this period, which has decreased by $ 521 million to $ 46.125 billion. According to the data, Special Drawing Rights (SDRs) also declined by $38 million to $18.412 billion. However, the country’s reserve position with the International Monetary Fund (IMF) increased by $12 million to $5.19 billion during this period. It is noteworthy that in October 2021, the total currency reserves of the country had reached the highest level of $ 645 billion.
