The total reserves increased by $4.698 billion to $702.966 billion over the previous reporting week.
According to RBI statistics, India’s foreign exchange reserves decreased by $396 million to $702.57 billion for the week ending September 19. The total reserves increased by $4.698 billion to $702.966 billion over the previous reporting week.
According to figures issued on Friday, foreign currency assets, a significant part of the reserves, fell by $864 million to $586.15 billion for the week ending September 19.
When expressed in US dollars, foreign currency assets include the impact of the growth or decline of non-US currencies held in foreign exchange reserves, such as the euro, pound, and yen.
According to the RBI, the gold reserves rose $360 million to $92.779 billion throughout the course of the week.
According to the apex bank, the Special Drawing Rights (SDRs) increased by $105 million to $18.879 billion.
According to the statistics, India’s reserve position with the IMF increased by $2 million to $4.762 billion during the reporting week.