New Delhi June 4 2022: India’s forex exchange (forex) reserves continued to rise for the second consecutive week and even crossed the $600 billion mark once again due to a strong rise in foreign currency assets.
Forex reserves come at nearly ₹46.66 lakh crore in the week ending May 27, increasing by ₹27,781 crore from the previous week.
Forex reserves come at nearly ₹46.66 lakh crore in the week ending May 27, increasing by ₹27,781 crore from the previous week.
India’s forex reserves jumped by $3.854 billion for the week ending May 27, 2022, to $601.363 billion. In the previous week ending May 20, the forex reserves were at $597.509 billion.
India’s forex exchange (forex) reserves continued to rise for the second consecutive week and even crossed the $600 billion mark once again due to a strong rise in foreign currency assets.
As per RBI’s weekly statistical data on Friday, India’s forex reserves jumped by $3.854 billion for the week ending May 27, 2022, to $601.363 billion.
In the previous week ending May 20, the forex reserves were at $597.509 billion.
Forex reserves come at nearly ₹46.66 lakh crore in the week ending May 27, increasing by ₹27,781 crore from the previous week.
In the week ending May 27, the country’s foreign currency assets climbed from $3.610 billion to $536.988 billion compared to the previous week’s $533.378 billion.
The country’s gold reserves surged by $94 million to $40.917 billion, while Special Drawing Rights (SDRs) grew by $132 million to $18.438 billion in the week ending May 27.
Gold reserves and SDRs were at $40.823 billion and $18.306 billion in the week ending May 20.
Furthermore, in the latest week, the reserve position in the IMF zoomed by $18 million to $5.019 billion in the week ending May 27 compared to $5.002 billion.
