NEW DELHI, Aug 11 (NNN-PTI) – India’s foreign exchange (forex) reserves, rose by 7.53 billion U.S. dollars to 674.91 billion U.S. dollars, during the week ended Aug 2, revealed the official data, released by the country’s central bank, the Reserve Bank of India (RBI) in its weekly supplement.
This was the new high for India’s forex reserves. The record jump was preceded by a decline of 3.471 billion U.S. dollars, during the previous week ended Jul 26.
The foreign currency assets (FCAs), the biggest component of forex reserves, rose by 5.162 billion U.S. dollars to 592.039 billion U.S. dollars. Likewise, the gold reserves too, jumped by 2.404 billion U.S. dollars, to 60.099 billion U.S. dollars.
India’s forex reserves had risen by 45-50 billion U.S. dollars on a cumulative basis, so far this year, said a media report by “Mint”.– NNN-PTI
