INSUBCONTINENT EXCLUSIVE:
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.
