Good news about the country's foreign exchange reserves, increase of 2.56 billion dollars
Forex Reserves: The latest data released by the Reserve Bank of India shows that India's foreign exchange reserves have increased significantly in the week ending May 10. During this period, reserves increased from $2.561 billion to $644.151 billion.
At present, India is getting good news on the front of foreign exchange reserves. During the week ending May 10, there was a spectacular increase of $ 2.561 billion in India's foreign exchange reserves. Now its reserves have become 644.15 billion dollars.
In the week ending May 10, India's foreign exchange reserves increased significantly, according to the Reserve Bank of India's (RBI) most recent data release. From $2.561 billion to $644.151 billion, reserves rose during this time. Its foreign exchange reserves rose by $3.67 billion to $641.59 billion over the course of the last week. It dropped for three weeks in a row prior to this. As of the week ending April 5, the nation's currency reserves had risen to a record-breaking $648.56 billion.
At the same time, according to the weekly data of the Central Bank, during the week under review, foreign exchange reserves, the largest component of foreign capital reserves, increased from $ 1.488 billion to $ 565.648 billion.
According to Reserve Bank data, foreign exchange reserves, considered an important part of the currency reserves, increased by $ 1.49 billion to $ 565.65 billion in the week ending May 10. The Reserve Bank said that the value of gold reserves increased by $ 1.07 billion to $ 55.95 billion during the week under review.
Special Drawing Rights (SDR) increased by $5 million to $18.06 billion. According to the Reserve Bank, in the week under review, India's reserve deposits with the International Monetary Fund (IMF) decreased by $ 4 million to $ 4.495 billion.
At the same time, even though there is a huge shortage of foreign currency in our neighboring country Pakistan, there has been a shortage there for the last three weeks. During the week ending April 26, the foreign exchange reserves there have increased by 35.5 million dollars. After that, it increased again during the week ending May 3. It also increased by $17.75 million during the week ending May 10. After the increase this week, there are now foreign exchange reserves of $ 14.626 billion.
