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India’s gold reserves rise by $2.2 billion; forex stands at $700.23 billion
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News Today | First with the news
The overall foreign exchange reserves stood at $700.236 billion in the reporting week.
In the previous week, the reserves had been placed at $702.57 billion.
Meanwhile, in the previous week, the gold reserves rose by $360 million to $92.78 billion.
Foreign currency assets, the largest component of the reserves, were valued at $586.15 billion during the previous week.
The reserves also include special drawing rights (SDRs) and India’s reserve position with the International Monetary Fund (IMF), which stood at $18.88 billion and $4.76 billion, respectively.