Business

Foreign exchange reserves increased by $ 11.02 billion to $ 561.2 billion

Mumbai The country’s foreign exchange reserves increased by $ 11.02 billion to $ 561.2 billion in the week ended December 02 due to a sharp increase in foreign currency assets, gold reserves, special drawing rights (SDRs) and reserves with the International Monetary Fund (IMF) Whereas in the previous week it increased by $ 2.9 billion to reach $ 550.14 billion.

According to the weekly data released by the Reserve Bank, foreign currency assets, the largest component of foreign exchange reserves, increased by $ 9.7 billion to $ 496.98 billion in the week ended December 02.

Similarly, gold reserves increased by $ 1.09 billion during this period and it increased to $ 41.03 billion.

During the week under review, Special Drawing Rights (SDRs) rose by $164 million to reach $18.05 billion.

Similarly, the reserves with the International Monetary Fund (IMF) increased by $75 million to $5.12 billion during this period.

Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
Back to top button
error: Content is protected !!