New Delhi: According to the weekly statistical supplement of the Reserve Bank of India (RBI), India’s foreign exchange reserves saw an increase of $ 2.865 billion during the week ended May 21.
According to the weekly statistical supplement of the Reserve Bank of India (RBI), reserves increased to $ 592.894 billion from $ 590.028 billion reported for the week ended May 14.
India’s foreign exchange reserves include foreign currency assets, gold reserves, special drawing rights and reserve status of the country with the International Monetary Fund (IMF).
On a weekly basis, the FCA, the largest component of foreign exchange reserves, rose by $ 1.649 billion to reach $ 548.519 billion.
Similarly, the value of the country’s gold reserves has increased by $ 1.187 billion to $ 37.841 billion.
