India’s foreign exchange reserves rise $5.25 billion to new peak of $689.24 billion | Financial system & Coverage Information

1 min learn Final Up to date : Sep 14 2024 | 12:42 AM IST

India’s foreign exchange reserves jumped $5.248 billion to a brand new all-time excessive of $689.235 billion for the week ended September 6, the Reserve Financial institution of India mentioned on Friday.

The general kitty had jumped by $2.299 billion to a document $683.987 billion for the earlier reporting week.

For the week ended September 6, overseas forex belongings, a serious part of the reserves, elevated by $5.107 billion to $604.144 billion, the information confirmed.

Expressed in greenback phrases, the overseas forex belongings embrace the impact of appreciation or depreciation of non-US items just like the euro, pound and yen held within the overseas trade reserves.

Gold reserves elevated by $129 million to $61.988 billion in the course of the week, the RBI mentioned.

The Particular Drawing Rights (SDRs) have been up by $4 million to $18.472 billion, the apex financial institution mentioned.

India’s reserve place with the IMF was up by $9 million to $4.631 billion within the reporting week, the apex financial institution knowledge confirmed.

First Revealed: Sep 13 2024 | 5:33 PM IST