In the previous week ended May 28, 2021, the reserves had swelled by $5.271 billion to $598.165 billion.The country's foreign exchange reserves crossed the $600 billion mark for the first time after increasing by $6.842 billion in the week ended June 4, RBI data showed on Friday.The reserves surged to a record $605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).In the previous week ended May 28, 2021, the reserves had swelled by $5.271 billion to $598.165 billion.In the reporting week, FCA jumped by $7.362 billion to $560.890 billion, the data showed.Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.Gold reserves declined by $502 million to $37.604 billion.The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped $1 million to $1.513 billion.The country's reserve position with the IMF also dropped by $16 million to $5 billion in the reporting week, the data showed.
Music
Trailers
DailyVideos
India
Pakistan
Afghanistan
Bangladesh
Srilanka
Nepal
Thailand
StockMarket
Business
Technology
Startup
Trending Videos
Coupons
Football
Search
Download App in Playstore
Download App
Best Collections