Forex Reserves Surge $5.4 Billion to All-time High of $560.532 Billion: RBI Data
4 years, 1 month ago

Forex Reserves Surge $5.4 Billion to All-time High of $560.532 Billion: RBI Data

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The country's foreign exchange reserves swelled by $5.412 billion to touch an all-time high of $560.532 billion in the week ended October 23, RBI data showed on Friday. 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. The gold reserves were up by $175 million in the reporting week to $36.860 billion, as per the central bank data. The country's reserve position with the IMF also climbed by $27 million to $4.661 billion during the reporting week, the data showed.

History of this topic

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