MUMBAI: India’s forex reserves jumped $4.549 billion to a new all-time high of $648.7 billion for the week ended May 17, the Reserve Bank said on Friday. This is the third consecutive week of increase in the overall kitty, which had increased by $2.561 billion to $644.151 billion in the previous reporting week ended May 17.
For the week ended April 5, the reserves had hit an all time high of $648.562 billion following multiple weeks of increases.
In the week ended May 10, foreign currency assets — a major component of the reserves — increased $ 3.361 billion to $569.009 billion, the data released on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.
Gold reserves increased $ 1.244 billion to $ 57.195 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up $ 113 million to $ 18.168 billion, the apex bank said.
India’s reserve position with the IMF was down $ 168 million to $ 4.327 billion in the reporting week, the apex bank data showed.
For the week ended April 5, the reserves had hit an all time high of $648.562 billion following multiple weeks of increases.
In the week ended May 10, foreign currency assets — a major component of the reserves — increased $ 3.361 billion to $569.009 billion, the data released on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.
Gold reserves increased $ 1.244 billion to $ 57.195 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up $ 113 million to $ 18.168 billion, the apex bank said.
India’s reserve position with the IMF was down $ 168 million to $ 4.327 billion in the reporting week, the apex bank data showed.
