India's foreign exchange reserves: Record high! Upward trajectory continues - Check official data
Upward trajectory continued for India's foreign exchange reserves during the week ended December 13.
It's a record high as upward trajectory continued for India's foreign exchange reserves during the week ended December 13. The reserves rose by $1.07 billion during the week under review, official data showed on Friday, as per a report in IANS.
The Reserve Bank of India's weekly statistical supplement showed that overall forex reserves increased to $454.49 billion from $453.42 billion reported for the week ended December 6.
India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.16 billion to $422.42 billion.
However, the RBI's weekly data showed that the value of the country's gold reserves declined by $110 million to $26.96 billion.
Conversely, the SDR value inched up by $2 million to $1.44 billion, while the country's reserve position with the IMF increased by $14 million to $3.65 billion.
Earlier, it was reported that India's foreign exchange reserves rose by $347 million during the week ended November 22. According to the Reserve Bank of India's weekly statistical supplement, the overall forex reserves increased to $448.59 billion from $448.24 billion reported for the week ended November 15.
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