India’s foreign exchange reserves rose by $4.698 billion to $702.966 billion for the week ended Sept 12, the Reserve Bank of India (RBI) said on Friday.
In the prior reporting week, overall reserves had increased $4.038 billion to $698.268 billion, and a week earlier they had jumped $3.51 billion to $694.23 billion.
In the prior reporting week, overall reserves had increased $4.038 billion to $698.268 billion, and a week earlier they had jumped $3.51 billion to $694.23 billion.
Foreign currency assets, the largest component of the reserves, increased $2.537 billion to $587.014 billion for the week ended Sept. 5, the RBI data showed. Expressed in dollar terms, foreign currency assets reflect valuation changes in non-U.S. holdings such as the euro, pound and yen.
Gold reserves rose $2.12 billion to $92.419 billion during the week. Special Drawing Rights (SDRs) were up $32 million to $18.773 billion, while India’s reserve position with the International Monetary Fund increased $9 million to $4.76 billion.
