HomeIndian EconomyIndia's forex reserves rise $4.532 billion to $588.78 billion

India’s forex reserves rise $4.532 billion to $588.78 billion

Source : The Hindu/PTI

India's forex reserves rise $4.532 billion to $588.78 billion
Representative Image

India’s forex reserves rise $4.532 billion to $588.78 billion

India’s foreign exchange reserves jumped $4.532 billion to $588.78 billion for the week ended April 28, the Reserve Bank of India said on Friday (May 5).

The overall reserves had dropped $2.164 billion to $584.248 billion in the previous reporting week.

In October 2021, the country’s forex reserves had touched an all-time high of $645 billion. The reserves had been declining as the central bank deployed the kitty to defend the rupee amid pressures caused mainly by global developments.

For the week ended April 28, foreign currency assets, a major component of the reserves, increased nearly $5 billion to $519.485 billion, according to the Weekly Statistical Supplement released by the RBI.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-U.S. units like the euro, pound and yen held in the foreign exchange reserves.

Gold reserves dropped $494 million to $45.657 billion, the RBI said.

The Special Drawing Rights (SDRs) were up $35 million to $18.466 billion.

The country’s reserve position with the IMF was down $4 million to $5.172 billion in the reporting week. India’s forex reserves rise $4.532 billion to $588.78 billion India’s forex reserves rise $4.532 billion to $588.78 billion India’s forex reserves rise $4.532 billion to $588.78 billion India’s forex reserves rise $4.532 billion to $588.78 billion IgMp

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Aatmanirbhar Bharat

All

HAL marching ahead for Tejas Mk2 Assembly: First Flight Scheduled for 2026

Source : IgMp BureauThe Hindustan Aeronautics Limited (HAL) is making significant strides in the assembly of the Tejas Mk2, the Indian Air Force's (IAF)...

BEL unveils indigenous EMALS system for future Indian Navy Aircraft Carriers at MTEX-24 in presence of Defence Minister Rajnath Singh

Source : IgMp BureauIn a significant development, Bharat Electronics Limited (BEL) has introduced its indigenous Electromagnetic Aircraft Launch System (EMALS) for future Indian Navy...

AMCA 5th Generation Stealth Fighter Updates

Most Popular

Recent Comments

Archive Months

Miscellanous

MoD Grants Approval for the Development of Indigenous High-Altitude Platforms (HAPs) to Enhance Border Surveillance

Source : IgMp BureauMoD Grants Approval for the Development of Indigenous High-Altitude Platforms (HAPs) to Enhance Border Surveillance In a strategic move aimed at bolstering...

India’s first Indigenous Aircraft Carrier (IAC-1) ‘INS Vikrant’ handed over to the Indian Navy

Source : Asian News International (ANI)Indigenous Aircraft Carrier (IAC-1) INS Vikrant New Delhi: Indian Navy took the delivery of the Indigenous Aircraft Carrier 'Vikrant' from...

LCA Tejas Deployed In Kashmir ? Speculation Rife As Indigenous Aircraft Spotted At Awantipur During Western Air Command Chief’s Visit

Source : SwarajyaLCA Tejas Deployed In Kashmir ? Speculation Rife As Indigenous Aircraft Spotted At Awantipur During Western Air Command Chief's Visit The Indian Air...
Visits
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

error: Content is protected !!