NEW DELHI, Feb 8 (NNN-PTI) – India’s foreign exchange (forex) reserves, rose by 1.05 billion U.S. dollars to 630.607 billion dollars, during the week ended Jan 31, showed the official data released by the country’s central bank, the Reserve Bank of India (RBI), yesterday.
This was the second consecutive week when India’s forex reserves rose, after declining for several weeks in a row.
During the previous week, the forex reserves increased by 5.574 billion dollars.
India’s forex reserves reached an all-time high of 704.885 billion dollars in Sept last year.
During the week ended Jan 31, the foreign currency assets (FCAs), a major component of forex reserves, decreased by 207 million dollars to 537.684 billion dollars, according to the RBI data.
Gold reserves increased by 1.242 billion dollars, to 70.893 billion dollars, while the Special Drawing Rights (SDRs) increased by 29 million dollars to 17.889 billion dollars.– NNN-PTI
