archiveIndia forex reserves

India's foreign exchange reserves rose by USD 4.553 billion to USD 690.617 billion in the week ended May 9, driven by a significant increase in gold assets, according to the Reserve Bank of India (RBI).Mumbai, May 16 (PTI) India's forex reserves jumped by USD 4.553 billion to USD 690.617 billion for the week ended May 9 on the back of a steep increase in gold assets, the RBI said on Friday.In the previous reporting week, the overall reserves had dropped by USD 2.065 billion to USD 686.064 billion. The forex...

Mumbai: India's foreign exchange reserves rose for the eighth straight week to touch $688.13 billion as of April 25, according to the latest RBI data released on Friday. The foreign exchange kitty surged by $1.98 billion during the week. The foreign currency component of the reserves increased by $2.17 billion to $580.66 billion. The gold reserves component of the forex reserves decreased by $207 million to $84.37 billion while Special Drawing Rights (SDR) went up by $21 million to $18.59 billion. The declining trend in forex reserves of earlier months...